Insider Selling: Affirm (NASDAQ:AFRM) CFO Sells 36,401 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares in the company, valued at approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Robert O’hare also recently made the following trade(s):

• On Wednesday, December 3rd, Robert O’hare sold 8,189 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00.

Affirm Trading Up 0.9%

NASDAQ AFRM traded up $0.70 on Wednesday, reaching $83.05. The company had a trading volume of 3,704,244 shares, compared to its average volume of 4,768,138. The firm has a market cap of $27.41 billion, a price-to-earnings ratio of 123.96, a P/E/G ratio of 3.67 and a beta of 3.57. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The business has a 50 day moving average of $71.62 and a two-hundred day moving average of $73.86.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. The firm had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) EPS. Analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Affirm

Large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC boosted its position in shares of Affirm by 5.1% during the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock worth $237,000 after purchasing an additional 158 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Affirm by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after purchasing an additional 171 shares in the last quarter. Assetmark Inc. grew its position in Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the period. GAMMA Investing LLC increased its stake in Affirm by 4.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after purchasing an additional 206 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in Affirm by 3.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after purchasing an additional 212 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Redburn Partners set a $101.00 price target on shares of Affirm in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Finally, Morgan Stanley dropped their price objective on Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.57.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.