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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the sale, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Keith Rabois also recently made the following trade(s):

• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Price Performance

Shares of AFRM opened at $62.80 on Thursday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm’s fifty day simple moving average is $63.12 and its 200-day simple moving average is $48.77. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of -44.23 and a beta of 3.66. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34.

Affirm (NASDAQ:AFRM) last announced its quarterly 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. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the business earned ($0.57) EPS. Equities analysts forecast that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Affirm

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new position in Affirm in the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd purchased a new position in shares of Affirm in the 4th quarter valued at $33,000. Advisors Asset Management Inc. raised its stake in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the company from $20.00 to $61.00 in a report on Tuesday, January 28th. Mizuho lifted their price objective on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group increased their target price on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company lifted their target price on Affirm from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Barclays increased their price target on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average target price of $62.88.

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.