Affirm (NASDAQ:AFRM) Stock: Insider Robert O’hare Sells 65,591 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) CFO Robert O’Hare sold 65,591 shares of Affirm stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $80.02, for a total value of $5,248,591.82. Following the transaction, the chief financial officer directly owned 2,734 shares in the company, valued at approximately $218,774.68. The trade was a 96.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Affirm Price Performance

Affirm stock traded down $7.38 during midday trading on Wednesday, hitting $70.51. The company’s stock had a trading volume of 7,988,683 shares, compared to its average volume of 5,211,499. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The stock’s 50-day moving average price is $73.85 and its 200-day moving average price is $69.90. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $90.44. The company has a market capitalization of $23.79 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 3.16 and a beta of 3.82.

Affirm (NASDAQ:AFRM – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts anticipate that Affirm Holdings, Inc. will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

Institutional investors and hedge funds have recently modified their holdings of the stock. Syntegra Private Wealth Group LLC acquired a new stake in shares of Affirm in the 1st quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Affirm during the first quarter worth $34,000. Ascentis Independent Advisors acquired a new position in Affirm during the first quarter worth $41,000. Osbon Capital Management LLC acquired a new position in Affirm during the fourth quarter worth $49,000. Finally, Oslo Pensjonsforsikring AS bought a new position in Affirm during the first quarter valued at about $66,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFRM has been the topic of several recent research reports. Barclays lifted their price target on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Citigroup restated a “market outperform” rating on shares of Affirm in a report on Friday, August 28th. Sanford C. Bernstein upped their price objective on shares of Affirm from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Affirm from a “hold (c-)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Finally, Susquehanna lifted their target price on shares of Affirm from $105.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, August 28th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $97.69.

Check Out Our Latest Report on AFRM

Affirm Company Profile

(Get Free Report)

Affirm Holdings, Inc (NASDAQ: AFRM) operates a digital commerce and financial services platform that enables consumers to pay for purchases over time. Its point-of-sale financing products allow eligible customers to use installment loans, including both short-term and longer-duration payment options, with terms and costs disclosed before purchase.

Affirm’s services are offered through its merchant partners’ online and in-store checkout experiences, as well as through the Affirm app and website.

Further Reading

Insider Buying and Selling by Quarter for Affirm (NASDAQ:AFRM)

Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.