Insider Selling: Affirm (NASDAQ:AFRM) CAO Sells $1,810,250.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 25,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $72.41, for a total transaction of $1,810,250.00. Following the transaction, the chief accounting officer owned 215,691 shares in the company, valued at approximately $15,618,185.31. This trade represents a 10.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Affirm Stock Up 5.1%

Affirm stock opened at $71.44 on Friday. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $92.56. The firm’s fifty day simple moving average is $75.90 and its 200-day simple moving average is $65.91. The company has a market capitalization of $24.11 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.78 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. Affirm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Sell-side analysts forecast that Affirm Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

Institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in Affirm by 36.6% during the 4th quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after purchasing an additional 210 shares during the period. Larson Financial Group LLC increased its position in Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after buying an additional 213 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in shares of Affirm by 1.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company’s stock worth $1,659,000 after buying an additional 247 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Affirm by 3.6% during the first quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock worth $444,000 after buying an additional 340 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Affirm by 9.2% in the second quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock valued at $333,000 after acquiring an additional 343 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AFRM has been the subject of several recent analyst reports. Truist Financial upped their price target on Affirm from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Wells Fargo & Company boosted their target price on Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Barclays upped their target price on Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Loop Capital started coverage on Affirm in a report on Wednesday. They set a “buy” rating and a $105.00 price target on the stock. Finally, BTIG Research reissued a “neutral” rating on shares of Affirm in a research report on Tuesday, May 26th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.33.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides flexible payment options for consumers and commerce-enabling tools for merchants. Its core business is buy now, pay later financing, allowing eligible shoppers to pay for purchases over time through fixed installment plans, with terms and pricing that vary by transaction and consumer qualification.

Affirm’s products include point-of-sale financing integrated into merchant checkout experiences, the Affirm app and marketplace, and the Affirm Card, which is designed to let users convert eligible purchases into installment plans.