Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells $6,200,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the sale, the president now owns 159,449 shares in the company, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Libor Michalek also recently made the following trade(s):

• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The stock was sold at an average price of $64.08, for a total value of $4,940,888.40.

Affirm Stock Performance

Shares of Affirm stock opened at $66.55 on Friday. The firm’s fifty day simple moving average is $46.89 and its 200-day simple moving average is $36.72. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $70.03. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of -46.87 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter last year, the company posted ($0.57) earnings per share. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on AFRM. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. The Goldman Sachs Group boosted their price objective on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Susquehanna raised their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Finally, BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC acquired a new position in Affirm during the 3rd quarter worth approximately $244,000. Y Intercept Hong Kong Ltd purchased a new position in Affirm in the third quarter worth $1,618,000. Main Management ETF Advisors LLC purchased a new stake in shares of Affirm during the 3rd quarter worth $2,629,000. XTX Topco Ltd grew its stake in shares of Affirm by 25.5% during the 3rd quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock worth $2,206,000 after purchasing an additional 10,970 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Affirm by 127.3% in 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 during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.