Affirm (NASDAQ:AFRM) COO Michael Linford Sells 79,219 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) COO Michael Linford sold 79,219 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $90.01, for a total value of $7,130,502.19. Following the transaction, the chief operating officer directly owned 120,713 shares in the company, valued at $10,865,377.13. This trade represents a 39.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Linford also recently made the following trade(s):

• On Friday, June 26th, Michael Linford sold 100,000 shares of Affirm stock. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00.

Affirm Stock Down 6.1%

AFRM stock opened at $69.94 on Wednesday. The business’s fifty day moving average price is $77.45 and its two-hundred day moving average price is $64.84. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 2.91 and a beta of 3.61. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $93.20. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80.

Affirm (NASDAQ:AFRM) last announced 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 for the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business’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. On average, equities analysts anticipate that Affirm Holdings, Inc. will post 1.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AFRM. Greenline Wealth Management LLC purchased a new position in Affirm in the 4th quarter worth approximately $26,000. Syntegra Private Wealth Group LLC purchased a new stake in shares of Affirm during the first quarter valued at approximately $28,000. Triumph Capital Management bought a new position in shares of Affirm in the third quarter worth approximately $31,000. Strive Financial Group LLC purchased a new position in shares of Affirm in the fourth quarter worth $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Affirm in the first quarter worth $34,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AFRM shares. Stephens boosted their price objective on Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Wolfe Research reiterated an “outperform” rating on shares of Affirm in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Affirm from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Robert W. Baird upped their price objective on Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Truist Financial increased their price objective on Affirm from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 24th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.