Insider Selling: Affirm (NASDAQ:AFRM) Director Sells 15,000 Shares of Stock

Key Points

• Affirm Director Christa Quarles sold 15,000 shares at an average price of $93.00, totaling approximately $1.4 million, reducing her ownership by 10.93%.
• The company's quarterly earnings surpassed expectations with an EPS of $0.20, while revenue increased by 32.9% year-over-year to $876.42 million.
• Affirm's stock has seen recent price target increases from various analysts, with JPMorgan and Bank of America both raising their price targets to $94.00.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Christa S. Quarles sold 15,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $93.00, for a total value of $1,395,000.00. Following the transaction, the director owned 122,241 shares in the company, valued at $11,368,413. This trade represents a 10.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Affirm Price Performance

Affirm stock traded down $2.31 during trading on Friday, reaching $87.35. The company had a trading volume of 9,262,357 shares, compared to its average volume of 9,295,981. The firm has a market capitalization of $28.45 billion, a PE ratio of 671.97, a price-to-earnings-growth ratio of 5.69 and a beta of 3.64. The firm's 50-day simple moving average is $73.27 and its 200 day simple moving average is $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. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

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

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank boosted its position in shares of Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company's stock valued at $27,000 after acquiring an additional 336 shares during the last quarter. SouthState Corp increased its position in Affirm by 190.5% during the second quarter. SouthState Corp now owns 427 shares of the company's stock worth $30,000 after purchasing an additional 280 shares during the last quarter. Blume Capital Management Inc. raised its stake in Affirm by 468.8% during 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. Allworth Financial LP boosted its holdings in Affirm by 63.7% in the 1st 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. Finally, UMB Bank n.a. grew its stake in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after buying an additional 264 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Affirm from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Susquehanna increased 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. Deutsche Bank Aktiengesellschaft initiated coverage on Affirm in a report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Finally, JMP Securities lifted their target price on shares of Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Affirm presently has an average rating of "Moderate Buy" and a consensus target price of $79.04.

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.