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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at $7,572,624.40. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Affirm Stock Performance

Shares of Affirm stock opened at $70.70 on Monday. The company has a 50 day moving average of $54.98 and a 200-day moving average of $40.74. The company has a market cap of $22.20 billion, a PE ratio of -49.79 and a beta of 3.66. 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 Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $72.82.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping 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 analysts’ expectations of $661.39 million. During the same period in the prior year, the company earned ($0.57) earnings per share. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on AFRM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Barclays increased 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. Wells Fargo & Company boosted their price target on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Morgan Stanley upgraded 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. Finally, Bank of America boosted their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.36.

Institutional Trading of Affirm

Several large investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in shares of Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after acquiring an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Affirm during the 3rd quarter worth approximately $1,419,000. Quest Partners LLC bought a new position in Affirm in the 3rd quarter valued at approximately $391,000. International Assets Investment Management LLC acquired a new stake in Affirm in the third quarter valued at approximately $731,000. Finally, Entropy Technologies LP bought a new stake in shares of Affirm during the third quarter worth $464,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.