Keith Rabois Sells 16,088 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the transaction, the director now owns 61,520 shares of the company’s stock, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Keith Rabois also recently made the following trade(s):

• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32.
• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Price Performance

Shares of AFRM opened at $58.65 on Thursday. The firm has a market capitalization of $18.65 billion, a PE ratio of -90.23 and a beta of 3.66. The company’s 50-day moving average is $63.94 and its 200-day moving average is $54.89. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently bought and sold shares of the business. Leigh Baldwin & CO. LLC bought a new position in Affirm during the fourth quarter worth about $210,000. Challenger Wealth Management bought a new position in Affirm during the fourth quarter worth about $244,000. Forum Financial Management LP increased its position in Affirm by 16.5% during the fourth quarter. Forum Financial Management LP now owns 7,985 shares of the company’s stock worth $486,000 after acquiring an additional 1,128 shares during the period. GF Fund Management CO. LTD. bought a new position in Affirm during the fourth quarter worth about $5,349,000. Finally, Public Employees Retirement System of Ohio increased its position in Affirm by 5.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 89,047 shares of the company’s stock worth $5,423,000 after acquiring an additional 4,964 shares during the period. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AFRM. Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada increased their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

About Affirm

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.