Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,089 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,089 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the sale, the director now owns 29,343 shares of the company’s stock, valued at approximately $1,496,493. The trade was a 35.41 % decrease in their ownership of the stock. The transaction 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 Tuesday, April 1st, Keith Rabois sold 16,088 shares of Affirm stock. The shares were sold at an average price of $45.41, for a total value of $730,556.08.
• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36.

Affirm Price Performance

Shares of AFRM opened at $52.09 on Tuesday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a market cap of $16.57 billion, a P/E ratio of -80.14 and a beta of 3.66. The firm’s 50 day moving average price is $47.25 and its 200 day moving average price is $56.58.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share 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%. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent analyst reports. JMP Securities increased their price objective on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Barclays increased their price target on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Evercore ISI initiated coverage on Affirm in a research note on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 price objective on the stock. Seaport Res Ptn upgraded shares of Affirm to a “hold” rating in a research report on Monday, March 24th. Finally, Morgan Stanley lifted their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and an average target price of $66.74.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its position in Affirm by 208.6% in the third quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after purchasing an additional 14,720 shares during the period. GAMMA Investing LLC raised its stake in Affirm by 21.5% in the 4th quarter. GAMMA Investing LLC now owns 4,177 shares of the company’s stock valued at $254,000 after purchasing an additional 738 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Affirm during the 4th quarter worth about $440,000. Nordea Investment Management AB purchased a new stake in shares of Affirm during the fourth quarter worth about $6,380,000. Finally, Silverleafe Capital Partners LLC acquired a new position in shares of Affirm in the fourth quarter valued at approximately $390,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.