Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane Sells 15,871 Shares

Key Points

• Siphelele Jiyane, the Chief Accounting Officer of Affirm Holdings, sold 15,871 shares at an average price of $75.00, totaling approximately $1.19 million, resulting in a 6.15% decrease in his holdings.
• Affirm's stock shows a 52-week range from $23.89 to $82.53, with the current market cap at $24.15 billion and a PE ratio of -356.48.
• Institutional investors hold 69.29% of Affirm's stock, indicating strong institutional interest, while analysts have mixed ratings with a consensus target price of $68.09.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CAO Siphelele Jiyane sold 15,871 shares of Affirm stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.00, for a total value of $1,190,325.00. Following the transaction, the chief accounting officer directly owned 242,192 shares of the company's stock, valued at $18,164,400. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Affirm Trading Up 0.1%

Shares of AFRM stock traded up $0.07 during mid-day trading on Tuesday, hitting $74.86. The company's stock had a trading volume of 6,506,205 shares, compared to its average volume of 7,197,970. The company's fifty day simple moving average is $63.74 and its 200-day simple moving average is $57.22. Affirm Holdings, Inc. has a 52 week low of $23.89 and a 52 week high of $82.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. The company has a market cap of $24.15 billion, a PE ratio of -356.48, a P/E/G ratio of 2.46 and a beta of 3.63.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The business had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. During the same quarter in the previous year, the business earned ($0.43) EPS. The company's quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after purchasing an additional 219 shares during the last quarter. Huntington National Bank increased its holdings in shares of Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company's stock worth $27,000 after purchasing an additional 336 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Affirm in the fourth quarter worth $28,000. Blume Capital Management Inc. increased its holdings in shares of Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company's stock worth $31,000 after purchasing an additional 375 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company's stock worth $39,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group cut their price target on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Barclays boosted their target price on shares of Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Wall Street Zen cut Affirm from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Citigroup restated an "overweight" rating on shares of Affirm in a report on Monday, June 30th. Finally, Redburn Atlantic upgraded Affirm to a "hold" rating in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.09.

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.

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