Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells 2,500 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $47.71 on Thursday. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of -73.40 and a beta of 3.63. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The firm’s 50-day moving average is $61.00 and its 200 day moving average is $55.95. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

AFRM has been the topic of several research analyst reports. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group decreased their price target on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays boosted their price target on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group boosted their price target on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, William Blair initiated coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus price target of $68.41.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in AFRM. Durable Capital Partners LP grew its stake in Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock worth $356,769,000 after acquiring an additional 2,888,827 shares in the last quarter. Norges Bank bought a new position in Affirm in the 4th quarter worth about $139,949,000. Capital International Investors bought a new position in Affirm in the 4th quarter worth about $100,030,000. Foxhaven Asset Management LP bought a new position in Affirm in the 4th quarter worth about $80,917,000. Finally, Voloridge Investment Management LLC bought a new position in Affirm in the 4th quarter worth about $76,738,000. 69.29% of the stock is currently owned by institutional investors.

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.