Robert O'hare Sells 31,423 Shares of Affirm (NASDAQ:AFRM) Stock

Key Points

• Affirm's CFO, Robert O'hare, sold 31,423 shares at an average price of $83.30, totaling approximately $2.62 million on September 2nd, 2023.
• Despite the insider sales, Affirm's stock price increased by 3.8% during midday trading, reaching $85.31.
• Affirm reported a strong financial performance with a revenue increase of 32.9% year-over-year, posting an EPS of $0.20 for the quarter, exceeding expectations.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CFO Robert O'hare sold 31,423 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total transaction of $2,617,535.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert O'hare also recently made the following trade(s):

• On Friday, August 22nd, Robert O'hare sold 77,800 shares of Affirm stock. The stock was sold at an average price of $80.09, for a total value of $6,231,002.00.
• On Monday, August 18th, Robert O'hare sold 11,405 shares of Affirm stock. The shares were sold at an average price of $80.00, for a total value of $912,400.00.
• On Monday, July 7th, Robert O'hare sold 19,802 shares of Affirm stock. The shares were sold at an average price of $70.03, for a total value of $1,386,734.06.

Affirm Trading Down 2.6%

Shares of AFRM traded down $2.31 during mid-day trading on Friday, reaching $87.35. 9,262,357 shares of the company were exchanged, compared to its average volume of 9,295,981. The business has a 50 day simple moving average of $73.27 and a two-hundred day simple moving average of $59.31. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The stock has a market capitalization of $28.45 billion, a PE ratio of 671.97, a PEG ratio of 5.69 and a beta of 3.64. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $876.42 million for the quarter, compared to analysts' expectations of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.During the same period in the prior year, the business posted ($0.14) earnings per share. The firm's revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AFRM shares. Barclays lifted their target price on shares of Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Evercore ISI increased their price target on Affirm from $67.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Susquehanna boosted their price objective on Affirm from $65.00 to $76.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Rothschild & Co Redburn initiated coverage on Affirm in a research note on Friday, August 1st. They set a "neutral" rating and a $74.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and an average target price of $79.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its position in shares of Affirm by 12.3% during the fourth quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock worth $277,000 after purchasing an additional 499 shares during the period. Ameriprise Financial Inc. increased its stake in Affirm by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares in the last quarter. Captrust Financial Advisors bought a new stake in Affirm during the 4th quarter valued at $240,000. Bridgefront Capital LLC acquired a new position in Affirm during the fourth quarter worth $241,000. Finally, Cetera Investment Advisers lifted its stake in shares of Affirm by 5.4% in the fourth quarter. Cetera Investment Advisers now owns 35,801 shares of the company's stock valued at $2,180,000 after buying an additional 1,837 shares in the last quarter. Institutional investors 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.