Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 20,030,000 shares, a growth of 9.2% from the October 31st total of 18,340,000 shares. Based on an average daily volume of 11,720,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 7.8% of the company’s shares are short sold.

Affirm Trading Up 2.4 %

AFRM opened at $70.01 on Monday. The business’s 50-day simple moving average is $49.29 and its 200-day simple moving average is $37.98. The company has a market cap of $21.99 billion, a P/E ratio of -49.30 and a beta of 3.47. Affirm has a one year low of $22.25 and a one year high of $70.88. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned ($0.57) earnings per share. As a group, equities research analysts expect that Affirm will post -0.53 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, CFO Robert O’hare sold 79,039 shares of Affirm stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Libor Michalek sold 100,821 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $68.11, for a total value of $6,866,918.31. Following the transaction, the president now owns 159,449 shares in the company, valued at $10,860,071.39. This trade represents a 38.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 868,253 shares of company stock worth $52,186,668 over the last quarter. 12.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Affirm

Large investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Affirm during the second quarter worth about $45,219,000. Artemis Investment Management LLP purchased a new position in Affirm during the 3rd quarter worth approximately $30,808,000. Holocene Advisors LP acquired a new position in Affirm during the third quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after acquiring an additional 528,400 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America raised their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $45.00 in a report on Monday, October 14th. Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Finally, Barclays increased their price objective on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.53.

Affirm Company Profile

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.