Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells $11,010,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 200,000 shares of Affirm stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the transaction, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00.
• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00.

Affirm Price Performance

AFRM opened at $56.15 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $59.27. The company has a 50-day moving average of $44.49 and a 200-day moving average of $35.66. The company has a market capitalization of $17.47 billion, a P/E ratio of -39.54 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. Equities analysts expect that Affirm Holdings, Inc. will post -0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AFRM. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $25.00 to $45.00 in a report on Monday, October 14th. Wells Fargo & Company boosted their price objective on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Bank of America increased their target price on Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays boosted their price target on Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.03.

Hedge Funds Weigh In On Affirm

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares during the last quarter. Capital World Investors raised its stake in Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after acquiring an additional 77,050 shares during the period. Spyglass Capital Management LLC lifted its holdings in Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after acquiring an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after acquiring an additional 672,883 shares during the period. Finally, Dragoneer Investment Group LLC bought a new position in shares of Affirm during the second quarter valued at approximately $45,219,000. 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.