Katherine Adkins Sells 57,102 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) insider Katherine Adkins sold 57,102 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $70.27, for a total value of $4,012,557.54. Following the transaction, the insider owned 112,467 shares of the company's stock, valued at $7,903,056.09. The trade was a 33.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Affirm Price Performance

Affirm stock traded down $3.82 during trading on Friday, reaching $64.72. The company had a trading volume of 8,028,433 shares, compared to its average volume of 8,365,103. The firm's 50-day simple moving average is $58.56 and its 200 day simple moving average is $56.54. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The firm has a market capitalization of $20.88 billion, a PE ratio of -308.19, a price-to-earnings-growth ratio of 2.49 and a beta of 3.63. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47.

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

Institutional Investors Weigh In On Affirm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Affirm by 2,800.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after acquiring an additional 44,495 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Affirm by 2.6% in the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after buying an additional 3,672 shares during the last quarter. Spire Wealth Management acquired a new position in Affirm in the first quarter valued at about $120,000. Steward Partners Investment Advisory LLC lifted its position in Affirm by 59.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,878 shares of the company's stock valued at $114,000 after buying an additional 700 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Affirm by 2.6% in the fourth quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock valued at $1,973,000 after buying an additional 817 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup reiterated an "overweight" rating on shares of Affirm in a report on Monday, June 30th. JMP Securities reduced their price objective on Affirm from $85.00 to $75.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. BMO Capital Markets reiterated an "outperform" rating and issued a $69.00 price objective on shares of Affirm in a report on Thursday, March 20th. Evercore ISI assumed coverage on Affirm in a report on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective for the company. Finally, Wall Street Zen downgraded Affirm from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $65.90.

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.