Affirm (NASDAQ:AFRM) CFO Sells $5,248,591.82 in Stock

by · The Markets Daily

Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) 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 value of $5,248,591.82. Following the sale, the chief financial officer directly owned 2,734 shares of the company’s stock, valued at $218,774.68. This represents a 96.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Affirm Stock Performance

Shares of Affirm stock opened at $74.01 on Friday. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 3.05 and a beta of 3.82. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $90.44. The business has a 50-day simple moving average of $73.65 and a 200 day simple moving average of $70.34. 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 – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, topping the consensus estimate 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 was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, research analysts anticipate that Affirm Holdings, Inc. will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jericho Capital Asset Management L.P. boosted its holdings in shares of Affirm by 7.5% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,601,248 shares of the company’s stock worth $268,041,000 after buying an additional 251,000 shares during the last quarter. Atreides Management LP raised its position in shares of Affirm by 566.1% during the fourth 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 last quarter. Spyglass Capital Management LLC increased its holdings in shares of Affirm by 15.2% in the first 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 during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Affirm during the 2nd quarter worth approximately $75,121,000. Finally, Dimensional Fund Advisors LP raised its stake in Affirm by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company’s stock valued at $72,100,000 after purchasing an additional 166,252 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AFRM shares. BMO Capital Markets restated an “outperform” rating on shares of Affirm in a research report on Wednesday, September 9th. Bank of America raised their price objective on Affirm from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Weiss Ratings upgraded Affirm from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 28th. Dbs Bank raised Affirm to a “moderate buy” rating in a research note on Wednesday, September 30th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $85.00 target price on shares of Affirm in a research note on Wednesday, September 16th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.69.

Check Out Our Latest Stock Analysis on Affirm

Affirm Company Profile

(Get Free Report)

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.

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