Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 2,847 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 2,847 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $70.00, for a total value of $199,290.00. Following the completion of the sale, the president now directly owns 159,449 shares in the company, valued at approximately $11,161,430. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 2nd, Libor Michalek sold 6,629 shares of Affirm stock. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32.
• On Friday, November 22nd, Libor Michalek sold 100,821 shares of Affirm stock. The stock was sold at an average price of $68.11, for a total transaction of $6,866,918.31.
• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The shares were 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 value of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00.

Affirm Stock Performance

Shares of AFRM traded up $2.37 during mid-day trading on Tuesday, reaching $70.76. 8,154,616 shares of the company’s stock traded hands, compared to its average volume of 9,080,025. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $72.10. The stock has a market capitalization of $22.22 billion, a P/E ratio of -49.73 and a beta of 3.66. The business’s 50-day moving average price is $49.76 and its 200-day moving average price is $38.28. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

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

Hedge Funds Weigh In On Affirm

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of Affirm by 2,305.3% in the second 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. Oppenheimer & Co. Inc. acquired a new position in shares of Affirm in the 3rd quarter valued at $1,419,000. International Assets Investment Management LLC purchased a new position in Affirm in the 3rd quarter worth about $731,000. Quest Partners LLC acquired a new stake in Affirm during the 3rd quarter worth about $391,000. Finally, Entropy Technologies LP purchased a new stake in Affirm during the third quarter valued at about $464,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on AFRM shares. The Goldman Sachs Group raised their price objective on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Monday. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $25.00 to $45.00 in a research report on Monday, October 14th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, October 8th. Finally, Susquehanna upped their price target on shares of 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, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Affirm has an average rating of “Hold” and an average price target of $55.33.

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.