Affirm (NASDAQ:AFRM) CFO Robert O’hare Sells 65,591 Shares of Company Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’Hare sold 65,591 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $80.02, for a total transaction of $5,248,591.82. Following the transaction, the chief financial officer owned 2,734 shares of the company’s stock, valued at approximately $218,774.68. The trade was a 96.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Affirm Stock Down 9.5%

Shares of NASDAQ AFRM opened at $70.51 on Thursday. The company has a market capitalization of $23.79 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 3.13 and a beta of 3.82. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $90.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.80 and a current ratio of 11.80. The company’s 50 day moving average price is $73.69 and its 200-day moving average price is $70.08.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Equities analysts forecast that Affirm Holdings, Inc. will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Compass Point set a $100.00 price objective on Affirm in a research report on Friday, July 17th. Piper Sandler boosted their price objective on Affirm from $103.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Scotiabank assumed coverage on Affirm in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $95.00 price objective on the stock. Finally, Citigroup restated a “market outperform” rating on shares of Affirm in a research report on Friday, August 28th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.69.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jericho Capital Asset Management L.P. raised its holdings in shares of Affirm by 7.5% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,601,248 shares of the company’s stock valued at $268,041,000 after purchasing an additional 251,000 shares during the period. Spyglass Capital Management LLC boosted its position in shares of Affirm by 15.2% during the 1st quarter. Spyglass Capital Management LLC now owns 1,662,325 shares of the company’s stock worth $76,168,000 after purchasing an additional 218,745 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Affirm by 23.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,577,264 shares of the company’s stock worth $71,829,000 after purchasing an additional 303,037 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Affirm by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company’s stock valued at $72,100,000 after buying an additional 166,252 shares during the period. Finally, Atreides Management LP grew its stake in shares of Affirm by 566.1% in the 4th quarter. Atreides Management LP now owns 1,384,941 shares of the company’s stock valued at $103,081,000 after buying an additional 1,177,036 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a digital commerce and financial services platform that enables consumers to pay for purchases over time. Its point-of-sale financing products allow eligible customers to use installment loans, including both short-term and longer-duration payment options, with terms and costs disclosed before purchase.

Affirm’s services are offered through its merchant partners’ online and in-store checkout experiences, as well as through the Affirm app and website.