Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 18,340,000 shares, a decline of 5.3% from the October 15th total of 19,370,000 shares. Based on an average daily trading volume, of 10,770,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 7.2% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the sale, the insider now owns 122,069 shares of the company’s stock, valued at $5,493,105. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 403,738 shares of company stock worth $21,115,878 in the last quarter. 12.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC bought a new stake in Affirm in the third quarter worth $244,000. Y Intercept Hong Kong Ltd bought a new stake in Affirm in the third quarter worth $1,618,000. Main Management ETF Advisors LLC bought a new stake in Affirm in the third quarter worth $2,629,000. XTX Topco Ltd lifted its holdings in shares of Affirm by 25.5% during the third quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock valued at $2,206,000 after purchasing an additional 10,970 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Affirm by 127.3% during the third quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock valued at $180,000 after purchasing an additional 2,470 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Affirm Price Performance

Shares of AFRM stock opened at $62.06 on Tuesday. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of -43.70 and a beta of 3.47. The business’s fifty day moving average is $44.96 and its 200 day moving average is $35.90. Affirm has a twelve month low of $22.25 and a twelve month high of $62.88. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the company posted ($0.57) earnings per share. Research analysts expect that Affirm will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

AFRM has been the topic of a number of analyst reports. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, October 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Mizuho reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research note on Tuesday, August 27th. The Goldman Sachs Group boosted their target price on Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Affirm has an average rating of “Hold” and an average price target of $46.62.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.