Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 2,847 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 2,847 shares of Affirm stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $70.00, for a total value of $199,290.00. Following the sale, the president now directly owns 159,449 shares of the company’s stock, valued at $11,161,430. This trade represents a 1.75 % decrease in their ownership of the stock. The sale 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 Monday, December 2nd, Libor Michalek sold 6,629 shares of Affirm stock. The shares were sold at an average price of $72.08, for a total value of $477,818.32.
• 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 transaction of $6,866,918.31.
• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total transaction of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The stock was 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 stock was sold at an average price of $62.00, for a total value of $6,200,000.00.

Affirm Price Performance

NASDAQ AFRM traded up $2.37 during trading hours on Tuesday, reaching $70.76. The company’s stock had a trading volume of 8,154,616 shares, compared to its average volume of 9,080,025. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The company’s 50-day moving average is $49.76 and its two-hundred day moving average is $38.28. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.10. The stock has a market cap of $22.22 billion, a PE ratio of -49.73 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results 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 net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the business earned ($0.57) earnings per share. Analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Affirm

A number of institutional investors have recently made changes to their positions in AFRM. Ridgewood Investments LLC acquired a new stake in shares of Affirm during the second quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Affirm during the 3rd quarter worth about $29,000. 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 worth $36,000 after buying an additional 540 shares in the last quarter. ORG Partners LLC raised its position in shares of Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after buying an additional 551 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. BTIG Research raised 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. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $25.00 to $45.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.33.

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.