Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 6,541 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Robert O’hare also recently made the following trade(s):

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Price Performance

NASDAQ AFRM opened at $66.50 on Friday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $73.34. The company has a fifty day simple moving average of $61.37 and a 200 day simple moving average of $44.15. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a market cap of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating 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 company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the business posted ($0.57) earnings per share. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the third quarter worth $29,000. Allspring Global Investments Holdings LLC grew its position in 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 purchasing an additional 540 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC raised its position in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Affirm in the third quarter valued at about $65,000. 69.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AFRM shares. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Susquehanna increased their price objective on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus 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.