Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells $6,866,918.31 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,821 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $68.11, for a total value of $6,866,918.31. Following the completion of the transaction, the president now directly owns 159,449 shares in the company, valued at approximately $10,860,071.39. This represents a 38.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Libor Michalek also recently made the following trade(s):

• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total transaction of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The stock was sold at an average price of $64.08, for a total transaction of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Trading Up 3.2 %

AFRM stock opened at $68.37 on Thursday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.20. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of -48.15 and a beta of 3.47. The business has a 50 day simple moving average of $47.84 and a two-hundred day simple moving average of $37.25.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the prior year, the company posted ($0.57) EPS. Research analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of Affirm

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Affirm during the third quarter worth $1,419,000. International Assets Investment Management LLC bought a new stake in shares of Affirm during the third quarter worth $731,000. Entropy Technologies LP bought a new stake in shares of Affirm during the third quarter worth $464,000. Finally, Quest Partners LLC bought a new stake in shares of Affirm during the third quarter worth $391,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AFRM has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised 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 analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.13.

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.