Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CFO Robert O'hare sold 19,802 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $70.03, for a total transaction of $1,386,734.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Affirm Stock Performance
Shares of NASDAQ:AFRM traded down $3.82 on Friday, reaching $64.72. The company's stock had a trading volume of 8,028,433 shares, compared to its average volume of 8,363,809. The stock's 50-day moving average is $58.31 and its two-hundred day moving average is $56.54. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. The stock has a market capitalization of $20.88 billion, a P/E ratio of -308.19, a PEG ratio of 2.51 and a beta of 3.63.
Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same period in the prior year, the company earned ($0.43) earnings per share. The business's revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in AFRM. Durable Capital Partners LP grew its position in Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after buying an additional 2,888,827 shares during the period. Price T Rowe Associates Inc. MD grew its position in Affirm by 140.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after buying an additional 2,657,074 shares during the period. Norges Bank acquired a new position in Affirm during the fourth quarter worth about $139,949,000. Capital International Investors acquired a new position in Affirm during the fourth quarter worth about $100,030,000. Finally, Vanguard Group Inc. grew its position in Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after buying an additional 1,457,434 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Affirm from $70.00 to $75.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Truist Financial assumed coverage on shares of Affirm in a research note on Monday, June 2nd. They set a "buy" rating and a $58.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Bank of America boosted their target price on shares of Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Stephens assumed coverage on shares of Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $65.90.
View Our Latest Report on AFRM
About Affirm
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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 up to 60 months.
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