Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells 16,088 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the completion of the sale, the director now directly owns 45,432 shares of the company’s stock, valued at $2,063,067.12. The trade was a 26.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Keith Rabois also recently made the following trade(s):

• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36.
• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32.

Affirm Stock Down 8.1 %

NASDAQ:AFRM opened at $35.75 on Friday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a 50 day moving average of $58.49 and a 200-day moving average of $56.30. The firm has a market capitalization of $11.37 billion, a PE ratio of -55.00 and a beta of 3.63. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, February 7th. Morgan Stanley lifted their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Seaport Res Ptn raised Affirm to a “hold” rating in a report on Monday, March 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Finally, Compass Point raised Affirm from a “neutral” rating to a “buy” rating and upped their target price for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.76.

Institutional Trading of Affirm

Several hedge funds have recently bought and sold shares of AFRM. Capital Research Global Investors increased its stake in shares of Affirm by 2.0% in the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock valued at $1,477,747,000 after purchasing an additional 470,409 shares during the period. Vanguard Group Inc. increased its position in Affirm by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock valued at $1,328,568,000 after acquiring an additional 716,574 shares during the period. Capital World Investors raised its stake in Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock valued at $1,116,861,000 after acquiring an additional 72,582 shares in the last quarter. Durable Capital Partners LP boosted its position in Affirm by 97.3% during 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 during the period. Finally, Jericho Capital Asset Management L.P. grew its stake in shares of Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company’s stock worth $316,561,000 after purchasing an additional 538,892 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

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.