Affirm Sees Unusually High Options Volume (NASDAQ:AFRM)

Affirm Holdings, Inc. (NASDAQ:AFRM) was the target of unusually large options trading on Friday. Traders acquired 143,163 call options on the stock. This is an increase of approximately 119% compared to the typical daily volume of 65,434 call options.

Affirm Stock Performance

Shares of NASDAQ AFRM traded up $13.63 during trading on Friday, reaching $75.38. 18,420,557 shares of the company traded hands, compared to its average volume of 5,989,954. 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 has a 12-month low of $22.25 and a 12-month high of $76.88. The firm’s fifty day simple moving average is $62.98 and its 200 day simple moving average is $48.86. The stock has a market cap of $23.67 billion, a P/E ratio of -53.39 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. As a group, research analysts anticipate that Affirm will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AFRM shares. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Bank of America upped 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. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $45.00 in a report on Monday, October 14th. JMP Securities lifted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday. Finally, Mizuho lifted their target price on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.06.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Libor Michalek sold 100,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the transaction, the president now directly owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,339,564 shares of company stock valued at $87,252,461. Insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AFRM. Geneos Wealth Management Inc. lifted its position in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter worth approximately $33,000. ORG Wealth Partners LLC purchased a new position in shares of Affirm in the 3rd quarter valued at $29,000. Bogart Wealth LLC bought a new stake in shares of Affirm in the fourth quarter worth $61,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Affirm in the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

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.