Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,086 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the completion of the transaction, the director now directly owns 109,780 shares of the company’s stock, valued at approximately $7,572,624.40. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Affirm Trading Up 2.8 %

Shares of Affirm stock opened at $70.70 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The stock’s 50 day simple moving average is $54.98 and its 200-day simple moving average is $40.58. The stock has a market cap of $22.20 billion, a P/E ratio of -49.79 and a beta of 3.66. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $72.82.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AFRM shares. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, October 8th. Barclays upped their target price on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. The Goldman Sachs Group upped their price objective on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Mizuho lifted their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Affirm has an average rating of “Hold” and an average target price of $55.33.

Institutional Trading of Affirm

Several institutional investors have recently made changes to their positions in AFRM. Comerica Bank lifted its stake in shares of Affirm by 16.2% in the 1st quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after purchasing an additional 850 shares during the last quarter. Cetera Advisors LLC lifted its position 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 buying an additional 2,005 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Affirm by 15.5% during the second quarter. Sequoia Financial Advisors LLC now owns 10,159 shares of the company’s stock worth $307,000 after buying an additional 1,367 shares during the period. ORG Partners LLC increased its position in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Affirm by 40.1% in the 2nd quarter. Raymond James & Associates now owns 69,594 shares of the company’s stock worth $2,102,000 after acquiring an additional 19,920 shares during the last quarter. Hedge funds and other institutional investors 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.