Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare Sells 100,938 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction 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 through the SEC website.

Affirm Trading Down 4.8 %

Shares of Affirm stock opened at $54.82 on Thursday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $59.27. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of -38.61 and a beta of 3.47. The stock has a 50 day moving average of $43.86 and a 200 day moving average of $35.38.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The company had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same quarter last year, the firm posted ($0.57) earnings per share. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.6 earnings per share for the current year.

Institutional Trading of Affirm

Several hedge funds have recently made changes to their positions in AFRM. Blueshift Asset Management LLC grew its holdings in Affirm by 171.8% during the 3rd quarter. Blueshift Asset Management LLC now owns 70,862 shares of the company’s stock worth $2,893,000 after acquiring an additional 44,788 shares in the last quarter. Soros Capital Management LLC purchased a new stake in shares of Affirm during the 3rd quarter worth $4,572,000. Townsquare Capital LLC grew its stake in shares of Affirm by 26.3% during the third quarter. Townsquare Capital LLC now owns 108,451 shares of the company’s stock worth $4,427,000 after purchasing an additional 22,583 shares in the last quarter. Brooklyn Investment Group purchased a new position in Affirm in the third quarter valued at $78,000. Finally, Quantbot Technologies LP increased its holdings in Affirm by 21.3% in the third quarter. Quantbot Technologies LP now owns 62,928 shares of the company’s stock valued at $2,569,000 after buying an additional 11,034 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of several research analyst reports. Bank of America boosted their target price on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Susquehanna increased their price objective on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, October 8th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Finally, Mizuho reiterated an “outperform” rating and set a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Hold” and an average price target of $46.03.

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.