Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $114,450.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Affirm Stock Performance

AFRM opened at $49.90 on Friday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The stock has a market cap of $15.87 billion, a P/E ratio of -76.77 and a beta of 3.63. The stock’s 50 day simple moving average is $60.68 and its 200 day simple moving average is $55.93. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

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

Hedge Funds Weigh In On Affirm

Several hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its stake in 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 acquired a new stake in Affirm during the 4th quarter valued at $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm during the fourth quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the fourth quarter worth $43,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. William Blair assumed coverage on Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Bank of America increased their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Barclays upped their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Compass Point raised shares of Affirm from a “neutral” rating to a “buy” rating and lifted their target price for the company from $61.00 to $64.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.76.

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.