Insider Selling: Affirm (NASDAQ:AFRM) CAO Sells $1,810,250.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 25,000 shares of Affirm stock in a transaction on Friday, September 4th. The shares were sold at an average price of $72.41, for a total value of $1,810,250.00. Following the completion of the sale, the chief accounting officer directly owned 215,691 shares of the company’s stock, valued at approximately $15,618,185.31. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Affirm Trading Down 5.5%

Shares of AFRM stock traded down $3.93 during trading hours on Wednesday, hitting $68.15. 5,432,531 shares of the company were exchanged, compared to its average volume of 5,371,244. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $92.56. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average of $76.81 and a 200 day moving average of $65.63. The firm has a market cap of $23.00 billion, a PE ratio of 12.35, a PEG ratio of 2.96 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. Analysts expect that Affirm Holdings, Inc. will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AFRM shares. TD Cowen boosted their price target on Affirm from $117.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Barclays boosted their price objective on Affirm from $97.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Wells Fargo & Company increased their target price on shares of Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. UBS Group raised their price target on Affirm from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Finally, Robert W. Baird boosted their target price on shares of Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in shares of Affirm by 7,715.3% in the 2nd quarter. California State Teachers Retirement System now owns 29,932,275 shares of the company’s stock worth $2,440,977,000 after acquiring an additional 29,549,277 shares during the last quarter. Norges Bank acquired a new stake in shares of Affirm during the fourth quarter worth approximately $281,961,000. Invesco Ltd. boosted its stake in shares of Affirm by 294.2% during the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after buying an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Affirm by 11,042.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock valued at $157,004,000 after purchasing an additional 2,141,881 shares in the last quarter. Finally, Atreides Management LP grew its stake in shares of Affirm by 543.3% in the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after buying an additional 1,670,429 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

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.