Key Points
- Affirm CFO Robert O'hare sold 8,189 shares at an average price of $70 on Dec. 3, netting $573,230 and cutting his stake by 85.69% to 1,368 shares.
- Affirm beat Q results on Nov. 6 with EPS of $0.23 vs. $0.11 expected and revenue of $933.34M, while the stock carries a market cap of $22.44B and a P/E of 101.48.
- Analyst sentiment is mostly positive—average rating "Moderate Buy" with a mean price target of $86.57—and institutional investors own about 69.29% of the shares.
Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CFO Robert O'hare sold 8,189 shares of the firm's stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total value of $573,230.00. Following the sale, the chief financial officer owned 1,368 shares in the company, valued at $95,760. The trade was a 85.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Affirm Price Performance
AFRM opened at $67.99 on Friday. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $22.44 billion, a P/E ratio of 101.48, a PEG ratio of 3.10 and a beta of 3.57. The stock has a 50-day moving average price of $71.71 and a 200-day moving average price of $70.84. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00.
Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. The company had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.Affirm's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AFRM. Assetmark Inc. increased its stake in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company's stock valued at $25,000 after buying an additional 178 shares during the period. Huntington National Bank lifted its stake in Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company's stock worth $27,000 after acquiring an additional 336 shares during the period. Mather Group LLC. bought a new stake in Affirm in the third quarter valued at $29,000. SouthState Corp boosted its holdings in Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company's stock valued at $30,000 after acquiring an additional 280 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position in Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company's stock valued at $31,000 after purchasing an additional 375 shares during the period. Institutional investors own 69.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on AFRM. Evercore ISI reaffirmed an "outperform" rating on shares of Affirm in a research note on Tuesday, September 16th. Zacks Research downgraded shares of Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Truist Financial cut their price target on shares of Affirm from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, November 19th. Royal Bank Of Canada decreased their price objective on Affirm from $97.00 to $87.00 and set a "sector perform" rating on the stock in a report on Friday, November 7th. Finally, Redburn Partners set a $101.00 target price on Affirm in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $86.57.
Get Our Latest Stock Analysis on Affirm
About Affirm
(
Get Free Report)
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.
Further Reading
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