Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson Sells 2,500 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Affirm Price Performance

AFRM traded up $4.01 during trading on Wednesday, hitting $47.71. 10,934,026 shares of the company traded hands, compared to its average volume of 8,037,645. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The company has a market cap of $15.17 billion, a PE ratio of -73.40 and a beta of 3.63. The stock’s 50-day simple moving average is $61.22 and its two-hundred day simple moving average is $56.00. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Affirm

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its position in Affirm by 1.0% in the fourth quarter. California State Teachers Retirement System now owns 226,593 shares of the company’s stock worth $13,800,000 after purchasing an additional 2,286 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Affirm in the 4th quarter worth $228,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Affirm in the 4th quarter worth about $468,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Affirm in the 4th quarter worth about $210,000. Finally, Challenger Wealth Management purchased a new stake in shares of Affirm during the 4th quarter valued at about $244,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AFRM. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating for the company. JMP Securities raised their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.41.

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.