Traders Purchase High Volume of Call Options on Affirm (NASDAQ:AFRM)

Affirm Holdings, Inc. (NASDAQ:AFRM) was the recipient of some unusual options trading activity on Friday. Investors purchased 88,526 call options on the company. This is an increase of 22% compared to the average volume of 72,645 call options.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the transaction, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,075 shares of company stock valued at $4,803,786. 13.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AFRM. Dragoneer Investment Group LLC bought a new position in Affirm in the 2nd quarter valued at about $45,219,000. Vanguard Group Inc. raised its holdings in Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after acquiring an additional 1,316,901 shares during the period. Artemis Investment Management LLP bought a new position in Affirm in the 3rd quarter valued at about $30,808,000. Baillie Gifford & Co. raised its holdings in Affirm by 4.2% in the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after acquiring an additional 749,368 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Affirm in the 1st quarter valued at about $20,150,000. 69.29% of the stock is owned by institutional investors.

Affirm Stock Up 12.1 %

Shares of AFRM stock opened at $47.08 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The firm’s 50-day moving average is $36.84 and its 200-day moving average is $33.26. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of -28.02 and a beta of 3.50. Affirm has a 52-week low of $15.97 and a 52-week high of $52.48.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The company had revenue of $659.19 million for the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. Sell-side analysts predict that Affirm will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AFRM. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Susquehanna began coverage on shares of Affirm in a research report on Friday, September 20th. They issued a “positive” rating and a $52.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Affirm in a research report on Monday, June 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.82.

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.