Christa S. Quarles Sells 754 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Christa S. Quarles sold 754 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $67.43, for a total transaction of $50,842.22. Following the transaction, the director owned 137,241 shares of the company's stock, valued at approximately $9,254,160.63. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Affirm Trading Up 1.0%

Affirm stock traded up $0.67 during midday trading on Friday, hitting $69.04. 2,297,428 shares of the stock were exchanged, compared to its average volume of 8,373,765. The stock has a market capitalization of $22.27 billion, a PE ratio of -328.74, a P/E/G ratio of 2.48 and a beta of 3.63. The company has a fifty day simple moving average of $56.36 and a two-hundred day simple moving average of $56.42. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. During the same period in the previous year, the company posted ($0.43) earnings per share. The company's revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Affirm

Several hedge funds and other institutional investors have recently modified their holdings of AFRM. KLP Kapitalforvaltning AS grew its holdings in shares of Affirm by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock worth $2,219,000 after buying an additional 200 shares in the last quarter. Allworth Financial LP grew its stake in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Affirm by 0.6% in the first quarter. Sei Investments Co. now owns 41,066 shares of the company's stock valued at $1,856,000 after purchasing an additional 226 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Affirm by 2.2% in the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock valued at $518,000 after purchasing an additional 252 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Affirm by 2.1% in the first quarter. Amalgamated Bank now owns 13,773 shares of the company's stock worth $622,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AFRM. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Wednesday. JMP Securities decreased their price objective on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $70.00 price objective on shares of Affirm in a report on Thursday, June 5th. JPMorgan Chase & Co. reduced their target price on Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Barclays raised their price target on Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $65.67.

Affirm Company Profile

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.