Key Points
- Affirm CEO Max Levchin sold 666,666 shares on Jan. 5 at an average price of $80.62, totaling $53,746,612.92, according to an SEC filing.
- Affirm recently beat quarterly expectations with $0.23 EPS (vs. $0.11 expected) and revenue of $933.3M, up 33.6% year-over-year, though analysts still model a -0.18 EPS for the current year.
- The stock sports a market cap of $27.41 billion and a high valuation (P/E ~123.96), while analysts' consensus is a "Moderate Buy" with an average target of $86.57.
Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CFO Robert O'hare sold 36,401 shares of Affirm stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the transaction, the chief financial officer owned 1,368 shares of the company's stock, valued at $109,440. The trade was a 96.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Robert O'hare also recently made the following trade(s):
- On Wednesday, December 3rd, Robert O'hare sold 8,189 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total value of $573,230.00.
Affirm Stock Performance
AFRM opened at $83.05 on Thursday. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The business has a 50 day moving average of $71.82 and a 200-day moving average of $73.92. The stock has a market cap of $27.41 billion, a price-to-earnings ratio of 123.96, a PEG ratio of 3.74 and a beta of 3.57.
Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business had revenue of $933.34 million for the quarter, compared to analysts' expectations of $881.83 million. During the same quarter in the prior year, the business earned ($0.31) EPS. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Affirm from $105.00 to $94.00 and set a "buy" rating for the company in a report on Monday, October 13th. Wolfe Research assumed coverage on shares of Affirm in a report on Tuesday, December 9th. They issued a "peer perform" rating on the stock. Wall Street Zen cut Affirm from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Wells Fargo & Company initiated coverage on Affirm in a research report on Tuesday, October 21st. They issued an "overweight" rating and a $89.00 target price on the stock. Finally, Rothschild & Co Redburn upgraded Affirm from a "neutral" rating to a "buy" rating and increased their target price for the stock from $74.00 to $101.00 in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.57.
Read Our Latest Stock Report on Affirm
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its stake in Affirm by 294.2% during the third quarter. Invesco Ltd. now owns 4,333,691 shares of the company's stock worth $316,706,000 after buying an additional 3,234,260 shares in the last quarter. Norges Bank bought a new stake in shares of Affirm during the 2nd quarter worth approximately $183,475,000. Atreides Management LP lifted its holdings in shares of Affirm by 543.3% during the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company's stock worth $136,751,000 after acquiring an additional 1,670,429 shares during the period. State Street Corp lifted its holdings in shares of Affirm by 26.7% during the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company's stock worth $412,315,000 after acquiring an additional 1,187,665 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Affirm by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company's stock worth $1,672,898,000 after acquiring an additional 922,813 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.
Affirm Company Profile
(
Get Free Report)
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.
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