Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare Sells 11,218 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 11,218 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $70.00, for a total transaction of $785,260.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39.
• 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

Shares of Affirm stock opened at $66.27 on Wednesday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.20. The firm’s 50-day moving average price is $47.39 and its two-hundred day moving average price is $37.01. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of -46.67 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results 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. The firm had revenue of $698.48 million during the quarter, compared to analysts’ expectations 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 last year, the firm posted ($0.57) EPS. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AFRM. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $45.00 in a report on Monday, October 14th. 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 research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price target on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Bank of America raised their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Affirm presently has an average rating of “Hold” and a consensus price target of $51.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in 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 in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Affirm during the 3rd quarter worth $1,419,000. International Assets Investment Management LLC acquired a new position in Affirm during the 3rd quarter worth $731,000. Entropy Technologies LP acquired a new stake in shares of Affirm in the 3rd quarter valued at $464,000. Finally, Quest Partners LLC acquired a new stake in shares of Affirm in the 3rd quarter valued at $391,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.