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 the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

Affirm Price Performance

AFRM opened at $53.21 on Friday. The firm has a 50-day moving average price of $44.13 and a 200-day moving average price of $35.50. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $59.27. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of -37.47 and a beta of 3.47.

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

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently made changes to their positions in AFRM. Bank of Montreal Can grew its holdings in Affirm by 2,305.3% during the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after buying an additional 187,790 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Affirm in the third quarter valued at approximately $731,000. Avantax Advisory Services Inc. purchased a new position in Affirm during the first quarter valued at approximately $258,000. Versor Investments LP bought a new stake in Affirm during the 3rd quarter worth approximately $755,000. Finally, Dragoneer Investment Group LLC bought a new stake in Affirm during the 2nd quarter worth approximately $45,219,000. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AFRM has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, October 14th. Bank of America increased their price objective on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their price target on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Susquehanna boosted their price objective on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm has an average rating of “Hold” and a consensus target price of $46.03.

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.