Traders Purchase High Volume of Call Options on Affirm (NASDAQ:AFRM)

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) saw unusually large options trading activity on Wednesday. Traders acquired 71,417 call options on the stock. This is an increase of approximately 37% compared to the typical volume of 51,953 call options.

Insider Transactions at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.00, for a total value of $820,539.00. Following the transaction, the director now owns 29,343 shares of the company's stock, valued at $1,496,493. The trade was a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,677 shares of company stock valued at $1,665,545. Corporate insiders own 11.82% of the company's stock.

Institutional Trading of Affirm

Several hedge funds and other institutional investors have recently bought and sold shares of AFRM. Strs Ohio bought a new position in shares of Affirm during the first quarter worth approximately $790,000. Acadian Asset Management LLC increased its stake in Affirm by 1,015.5% during the 1st quarter. Acadian Asset Management LLC now owns 42,868 shares of the company's stock worth $1,932,000 after acquiring an additional 39,025 shares during the period. Focus Partners Wealth bought a new position in Affirm during the 1st quarter worth $243,000. Bayforest Capital Ltd increased its stake in Affirm by 695.8% during the 1st quarter. Bayforest Capital Ltd now owns 29,963 shares of the company's stock worth $1,354,000 after acquiring an additional 26,198 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Affirm by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 720,730 shares of the company's stock worth $32,570,000 after acquiring an additional 56,401 shares during the period. 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 stock. UBS Group cut their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Stephens assumed coverage on shares of Affirm in a research report on Thursday. They issued an "equal weight" rating and a $69.00 price objective on the stock. TD Cowen assumed coverage on shares of Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen lowered Affirm from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Affirm has a consensus rating of "Moderate Buy" and an average target price of $65.05.

Affirm Stock Performance

Affirm stock traded down $1.93 during trading hours on Thursday, hitting $61.57. The company had a trading volume of 3,790,359 shares, compared to its average volume of 8,534,038. The firm has a market cap of $19.86 billion, a PE ratio of -94.72 and a beta of 3.58. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm has a one year low of $22.25 and a one year high of $82.53. The firm has a 50-day moving average of $49.12 and a 200 day moving average of $56.99.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The company had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.43) earnings per share. On average, sell-side analysts expect that Affirm will post -0.18 earnings per share for the current year.

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.