Key Points
- Affirm insider Katherine Adkins sold 41,664 shares for approximately $2.94 million at an average price of $70.55, reducing her holdings by 21.46% to 152,439 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Affirm reported quarterly EPS of $4.62, substantially exceeding the $0.35 analyst consensus, while revenue rose 33.1% year over year to $1.07 billion, slightly below expectations.
- The stock opened at $74.30, and analysts maintain a “Moderate Buy” consensus with an average price target of $99.12; institutional investors own 69.29% of the company.
Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) insider Katherine Adkins sold 41,664 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $70.55, for a total transaction of $2,939,395.20. Following the transaction, the insider owned 152,439 shares of the company's stock, valued at $10,754,571.45. This trade represents a 21.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Katherine Adkins also recently made the following trade(s):
- On Thursday, September 3rd, Katherine Adkins sold 41,664 shares of Affirm stock. The shares were sold at an average price of $75.53, for a total value of $3,146,881.92.
Affirm Trading Up 0.3%
NASDAQ AFRM opened at $74.30 on Friday. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.03 and a beta of 3.61. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $93.20. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The business's fifty day moving average is $77.33 and its 200 day moving average is $65.19.
Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $4.27. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The business's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post 1.87 EPS for the current fiscal year.
Hedge Funds Weigh In On Affirm
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company's stock valued at $39,000 after acquiring an additional 203 shares during the last quarter. UMB Bank n.a. raised its position in shares of Affirm by 36.6% in the 4th quarter. UMB Bank n.a. now owns 783 shares of the company's stock worth $58,000 after acquiring an additional 210 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company's stock valued at $36,000 after purchasing an additional 213 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Affirm by 1.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company's stock valued at $1,659,000 after purchasing an additional 247 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Affirm by 3.6% during the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company's stock valued at $444,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Affirm from $89.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, July 8th. Morgan Stanley lifted their target price on shares of Affirm from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Stephens boosted their target price on shares of Affirm from $55.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, May 8th. UBS Group upped their price target on shares of Affirm from $82.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, August 28th. Finally, Weiss Ratings raised shares of Affirm from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $99.12.
Check Out Our Latest Research Report on Affirm
About Affirm
(
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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