Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 96,332 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 96,332 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 $6,744,203.32. Following the transaction, the president now owns 159,449 shares in the company, valued at $11,163,024.49. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $6,866,918.31.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The shares were 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 Trading Down 4.4 %

Shares of AFRM stock opened at $66.27 on Wednesday. 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 cap of $20.81 billion, a P/E ratio of -46.67 and a beta of 3.47. The stock has a 50 day simple moving average of $47.39 and a 200 day simple moving average of $37.01. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $70.20.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. The business 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 in the previous year, the company posted ($0.57) earnings per share. On average, research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on AFRM. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $45.00 in a research report on Monday, October 14th. Barclays lifted their target price on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group increased their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, October 8th. One 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’s stock. According to data from MarketBeat, Affirm presently has an average rating of “Hold” and an average target price of $51.13.

Institutional Investors Weigh In On Affirm

Institutional investors have recently made changes to their positions in the stock. Interval Partners LP bought a new stake in Affirm during the first quarter worth $745,000. Comerica Bank increased its holdings in shares of Affirm by 16.2% during the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock worth $228,000 after buying an additional 850 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock worth $49,000 after buying an additional 954 shares in the last quarter. Cetera Advisors LLC increased its holdings in Affirm by 38.4% in the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock valued at $269,000 after purchasing an additional 2,005 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Affirm by 19.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 185,058 shares of the company’s stock valued at $6,895,000 after purchasing an additional 30,500 shares during the period. 69.29% of the stock is currently owned by 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.