Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) Director Keith Rabois sold 17,287 shares of the company's stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $16.71, for a total value of $288,865.77. Following the sale, the director now owns 34,573 shares in the company, valued at approximately $577,714.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Keith Rabois also recently made the following trade(s):
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- On Tuesday, January 3rd, Keith Rabois sold 17,287 shares of Affirm stock. The stock was sold at an average price of $9.18, for a total value of $158,694.66.
- On Thursday, December 1st, Keith Rabois sold 17,287 shares of Affirm stock. The stock was sold at an average price of $14.27, for a total value of $246,685.49.
Affirm Stock Performance
Shares of Affirm stock traded down $2.99 on Friday, hitting $18.15. 28,765,292 shares of the company's stock were exchanged, compared to its average volume of 19,774,328. The company has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $19.22. The stock has a market capitalization of $5.27 billion, a PE ratio of -8.00 and a beta of 3.27. Affirm Holdings, Inc. has a 1 year low of $8.62 and a 1 year high of $83.57. The company has a debt-to-equity ratio of 1.68, a quick ratio of 11.41 and a current ratio of 11.41.
Affirm (NASDAQ:AFRM – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.82) by ($0.04). Affirm had a negative return on equity of 25.51% and a negative net
margin of 45.24%. The business had revenue of $361.62 million during the quarter, compared to analysts' expectations of $360.72 million. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -3.5 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Raymond James & Associates raised its position in shares of Affirm by 8.8% in the first quarter. Raymond James & Associates now owns 49,667 shares of the company's stock valued at $2,299,000 after buying an additional 4,005 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Affirm by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 633,650 shares of the company's stock worth $29,324,000 after acquiring an additional 14,841 shares during the last quarter. HighTower Advisors LLC raised its holdings in Affirm by 21.5% during the first quarter. HighTower Advisors LLC now owns 35,644 shares of the company's stock worth $1,650,000 after purchasing an additional 6,304 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in Affirm by 159.6% during the first quarter. Cetera Advisor Networks LLC now owns 9,354 shares of the company's stock worth $433,000 after purchasing an additional 5,751 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Affirm by 48.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,533 shares of the company's stock valued at $441,000 after buying an additional 3,103 shares during the last quarter. Institutional investors own 67.49% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Bank of America lowered Affirm from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $32.00 to $13.00 in a research report on Tuesday, December 13th. Barclays cut their target price on Affirm from $29.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, November 10th. Wedbush lowered their price target on shares of Affirm from $15.00 to $10.00 in a report on Wednesday, November 9th. Credit Suisse Group lowered their target price on shares of Affirm from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, November 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $11.00 to $18.00 in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $24.22.
Affirm Company Profile
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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 from one to sixty months.
Further Reading
- Get a free copy of the StockNews.com research report on Affirm (AFRM)
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