Key Points
- Noel Bertram Watson sold 2,000 shares of Affirm on April 14 at an average price of $55 for $110,000, reducing his stake by 4.99% to 38,076 shares; the trade was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- Affirm beat quarterly expectations, reporting $0.37 EPS versus $0.28 expected and $1.12B in revenue (up 29.6% YoY), though analysts still forecast -$0.18 EPS for the current fiscal year, indicating a mixed near-term outlook.
- Market and analyst backdrop: AFRM opened at $60.28, trades in a wide 1‑year range ($39.42–$100) with a $20.08B market cap and high beta (3.63); the consensus price target is $85 with a "Moderate Buy" rating and about 69% institutional ownership.
Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Noel Bertram Watson sold 2,000 shares of the firm's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the director owned 38,076 shares of the company's stock, valued at $2,094,180. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Affirm Trading Up 1.1%
Shares of NASDAQ AFRM opened at $60.28 on Friday. Affirm Holdings, Inc. has a one year low of $39.42 and a one year high of $100.00. The firm has a market capitalization of $20.08 billion, a PE ratio of 74.42, a PEG ratio of 4.12 and a beta of 3.63. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $49.39 and a two-hundred day moving average price of $64.11.
Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.23 EPS. The business's quarterly revenue was up 29.6% compared to the same quarter last year. As a group, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Affirm
Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Affirm during the 3rd quarter valued at about $19,077,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Affirm during the 3rd quarter valued at about $6,036,000. Gateway Investment Advisers LLC bought a new position in shares of Affirm in the 3rd quarter valued at approximately $1,315,000. Envestnet Asset Management Inc. raised its stake in shares of Affirm by 26.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company's stock valued at $17,185,000 after acquiring an additional 48,734 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Affirm by 96.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,261,611 shares of the company's stock valued at $93,889,000 after acquiring an additional 618,988 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AFRM has been the subject of a number of research reports. Bank of America initiated coverage on Affirm in a research report on Thursday, March 5th. They set a "buy" rating and a $82.00 price objective for the company. Needham & Company LLC decreased their price objective on Affirm from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Truist Financial decreased their price objective on Affirm from $85.00 to $71.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 price objective on shares of Affirm in a research report on Monday, February 9th. Finally, Royal Bank Of Canada decreased their price objective on Affirm from $87.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.00.
View Our Latest Stock Report on AFRM
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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