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 on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the transaction, the director now owns 41,497 shares in the company, valued at approximately $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Affirm Price Performance

Shares of NASDAQ AFRM traded down $7.55 during trading on Wednesday, hitting $63.34. The company had a trading volume of 18,188,404 shares, compared to its average volume of 9,027,552. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The stock has a fifty day simple moving average of $56.66 and a two-hundred day simple moving average of $41.50. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of -44.61 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the prior year, the company earned ($0.57) EPS. On average, research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On Affirm

A number of large investors have recently made changes to their positions in the stock. KBC Group NV increased its position in shares of Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after acquiring an additional 222 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after buying an additional 233 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. Myecfo LLC boosted its position in shares of Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after acquiring an additional 589 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Susquehanna upped their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.21.

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.