Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $400,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Christa S. Quarles sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Affirm Price Performance

AFRM stock opened at $68.55 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm’s fifty day moving average is $64.62 and its 200 day moving average is $52.68. The firm has a market cap of $21.80 billion, a P/E ratio of -105.46 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Affirm

Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in shares of Affirm during the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased its position in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd bought a new position in Affirm in the 4th quarter worth $33,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Affirm in the 4th quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Affirm during the 4th quarter valued at about $43,000. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AFRM. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Bank of America upped their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their target price on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada upped their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, Mizuho upped their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $70.24.

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.