Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $152,150.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director now owns 36,497 shares in the company, valued at approximately $2,221,207.42. This trade represents a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Affirm Stock Up 3.0%

Shares of NASDAQ:AFRM traded up $1.78 during midday trading on Wednesday, reaching $61.68. 6,038,246 shares of the company were exchanged, compared to its average volume of 8,433,920. The firm has a market cap of $19.90 billion, a PE ratio of -293.71, a P/E/G ratio of 123.33 and a beta of 3.58. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The stock has a fifty day simple moving average of $51.19 and a two-hundred day simple moving average of $56.71. 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 (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, May 12th. UBS Group decreased their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of Affirm in a research note on Thursday, June 5th. Wells Fargo & Company cut their target price on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.05.

Institutional Investors Weigh In On Affirm

A number of hedge funds and other institutional investors have recently bought and sold shares of AFRM. Allworth Financial LP boosted 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 buying an additional 219 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Affirm during the fourth quarter worth about $28,000. Coppell Advisory Solutions LLC acquired a new position in Affirm during the fourth quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Affirm during the fourth quarter valued at approximately $43,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after purchasing an additional 640 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

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.