Noel Bertram Watson Sells 2,500 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the sale, the director now owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Affirm Stock Down 0.5 %

Affirm stock opened at $63.00 on Friday. The firm has a market capitalization of $19.79 billion, a P/E ratio of -44.37 and a beta of 3.66. The stock’s fifty day simple moving average is $57.08 and its 200-day simple moving average is $41.65. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analyst estimates 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 quarter last year, the company earned ($0.57) EPS. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Affirm

Several hedge funds have recently added to or reduced their stakes in AFRM. Raymond James & Associates increased its position in shares of Affirm by 40.1% in the 2nd quarter. Raymond James & Associates now owns 69,594 shares of the company’s stock valued at $2,102,000 after purchasing an additional 19,920 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Affirm by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after buying an additional 176,675 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in Affirm by 1.1% during the 2nd quarter. Atomi Financial Group Inc. now owns 71,419 shares of the company’s stock worth $2,158,000 after buying an additional 753 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Affirm during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AFRM shares. Susquehanna increased their price target on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $46.00 target price on shares of Affirm in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research report on Monday. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $25.00 to $45.00 in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.80.

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.