Robert O’hare Sells 79,039 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The stock was sold at an average price of $70.00, for a total value of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Price Performance

NASDAQ AFRM opened at $66.27 on Wednesday. The business’s fifty day moving average is $47.39 and its 200 day moving average is $37.01. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.20. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The company has a market capitalization of $20.81 billion, a PE ratio of -46.67 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data 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 net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the firm earned ($0.57) EPS. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

AFRM has been the subject of several analyst reports. Bank of America raised their price target on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Susquehanna upped their target price on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Finally, Mizuho upped their price objective on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.13.

Institutional Investors Weigh In On Affirm

Institutional investors have recently added to or reduced their stakes in the stock. Spyglass Capital Management LLC lifted its holdings in shares of Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after buying an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Dragoneer Investment Group LLC purchased a new stake in Affirm in the 2nd quarter worth $45,219,000. Bank of New York Mellon Corp boosted its holdings in shares of Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after purchasing an additional 176,675 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Affirm during the third quarter valued at about $30,808,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.