Katherine Adkins Sells 200,000 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Katherine Adkins also recently made the following trade(s):

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00.
• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total value of $273,780.00.

Affirm Trading Down 4.8 %

Shares of NASDAQ:AFRM traded down $2.77 on Wednesday, hitting $54.82. The company’s stock had a trading volume of 12,667,011 shares, compared to its average volume of 9,004,806. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $59.27. The stock’s 50-day moving average is $43.57 and its two-hundred day moving average is $35.24. 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 released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The firm 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 period in the previous year, the company earned ($0.57) earnings per share. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. Mizuho reissued an “outperform” rating and set a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Wells Fargo & Company upped their price objective on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price target on Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, October 14th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. Finally, BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.03.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Affirm during the third quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new stake in Affirm during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. lifted its holdings in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Affirm by 82.4% during 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. 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.