Libor Michalek Sells 77,105 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 77,105 shares of Affirm stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $64.08, for a total value of $4,940,888.40. Following the transaction, the president now directly owns 159,449 shares of the company’s stock, valued at $10,217,491.92. This trade represents a 32.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Trading Up 1.2 %

NASDAQ:AFRM opened at $66.55 on Friday. The firm’s 50 day moving average is $46.89 and its two-hundred day moving average is $36.72. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.03. 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 issued 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 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 analyst estimates of $661.39 million. During the same period last year, the company posted ($0.57) EPS. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $45.00 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, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.44.

Institutional Trading of Affirm

A number of institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC acquired a new position in shares of Affirm during the 3rd quarter valued at $244,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Affirm during the third quarter worth about $1,618,000. Main Management ETF Advisors LLC purchased a new stake in shares of Affirm in the third quarter worth about $2,629,000. XTX Topco Ltd grew its stake in shares of Affirm by 25.5% in the third quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock valued at $2,206,000 after buying an additional 10,970 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Affirm by 127.3% during the 3rd quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock valued at $180,000 after buying an additional 2,470 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.