Affirm (NASDAQ:AFRM) Insider Katherine Adkins Sells 41,664 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 41,664 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the transaction, the insider directly owned 152,439 shares in the company, valued at approximately $11,513,717.67. The trade was a 21.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katherine Adkins also recently made the following trade(s):

• On Tuesday, September 1st, Katherine Adkins sold 41,664 shares of Affirm stock. The shares were sold at an average price of $70.55, for a total value of $2,939,395.20.

Affirm Stock Up 0.3%

Affirm stock opened at $74.30 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.03 and a beta of 3.61. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $93.20. The business has a fifty day moving average price of $77.33 and a 200-day moving average price of $65.19.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AFRM shares. Wells Fargo & Company upped their price objective on shares of Affirm from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Susquehanna lifted their target price on shares of Affirm from $105.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, August 28th. Compass Point set a $100.00 target price on shares of Affirm in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus price target of $99.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AFRM. California State Teachers Retirement System lifted its holdings in shares of Affirm by 7,715.3% during the second quarter. California State Teachers Retirement System now owns 29,932,275 shares of the company’s stock worth $2,440,977,000 after purchasing an additional 29,549,277 shares during the period. Norges Bank purchased a new position in Affirm during the 4th quarter worth approximately $281,961,000. Invesco Ltd. lifted its stake in 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 acquiring an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Affirm by 11,042.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock valued at $157,004,000 after acquiring an additional 2,141,881 shares during the period. Finally, Atreides Management LP boosted its holdings 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 acquiring an additional 1,670,429 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.