Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,086 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now directly owns 93,694 shares in the company, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Keith Rabois also recently made the following trade(s):

• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Stock Performance

Shares of AFRM opened at $66.50 on Friday. 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 Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. The business’s fifty day moving average price is $61.37 and its 200 day moving average price is $44.15. The stock has a market capitalization of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the previous year, the business posted ($0.57) EPS. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Institutional Trading of Affirm

Hedge funds have recently made changes to their positions in the stock. KBC Group NV increased its position in Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc grew its position in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the period. Versant Capital Management Inc lifted its position in Affirm by 20.8% in the 4th quarter. Versant Capital Management Inc now owns 3,405 shares of the company’s stock valued at $207,000 after purchasing an additional 586 shares during the last quarter. Finally, Myecfo LLC boosted its stake in Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the period. Institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AFRM shares. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, October 8th. Susquehanna raised their target price on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Barclays lifted their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Mizuho upped their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average price target of $60.94.

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.