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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total value of $730,556.08. Following the sale, the director now directly owns 45,432 shares of the company’s stock, valued at approximately $2,063,067.12. This trade represents a 26.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36.
• 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 value of $967,090.32.

Affirm Price Performance

Shares of AFRM stock traded down $8.84 during mid-day trading on Thursday, reaching $38.91. The company’s stock had a trading volume of 17,010,573 shares, compared to its average volume of 8,095,255. The firm’s 50-day moving average is $59.24 and its two-hundred day moving average is $56.48. The company has a market cap of $12.38 billion, a P/E ratio of -59.86 and a beta of 3.63. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several analyst reports. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Wells Fargo & Company lifted their price objective on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley upped their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Barclays lifted their target price on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their price target on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.76.

Institutional Trading of Affirm

Several institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in shares of Affirm by 19.6% in the 1st quarter. Versant Capital Management Inc now owns 4,074 shares of the company’s stock valued at $184,000 after purchasing an additional 669 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Affirm by 1.0% during the fourth quarter. California State Teachers Retirement System now owns 226,593 shares of the company’s stock worth $13,800,000 after buying an additional 2,286 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Affirm during the fourth quarter worth approximately $228,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Affirm in the 4th quarter worth approximately $468,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Affirm in the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.