Robert O’hare Sells 6,541 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at approximately $184,535.64. This represents a 68.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The shares were sold at an average price of $70.01, for a total transaction of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $66.50 on Friday. The firm’s 50 day moving average is $61.37 and its two-hundred day moving average is $44.25. The firm has a market capitalization of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) 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 period last year, the firm earned ($0.57) EPS. Analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On Affirm

Several institutional investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new position in Affirm during the 2nd quarter valued at about $45,219,000. Artemis Investment Management LLP acquired a new position in shares of Affirm during the third quarter valued at approximately $30,808,000. Holocene Advisors LP bought a new stake in Affirm during the third quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $89,935,000 after purchasing an additional 672,883 shares during the period. Finally, Bank of Montreal Can boosted its stake in Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AFRM shares. JMP Securities raised Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Bank of America boosted their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Finally, Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.94.

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.