Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) CAO Siphelele Jiyane sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $72.41, for a total transaction of $1,810,250.00. Following the completion of the transaction, the chief accounting officer directly owned 215,691 shares in the company, valued at $15,618,185.31. This represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Affirm Price Performance
NASDAQ:AFRM traded down $3.93 during trading hours on Wednesday, hitting $68.15. 5,432,531 shares of the stock were exchanged, compared to its average volume of 5,371,244. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $92.56. The firm’s fifty day moving average price is $76.81 and its 200 day moving average price is $65.63. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. The company has a market cap of $23.00 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.96 and a beta of 3.61.
Affirm (NASDAQ:AFRM – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Affirm Holdings, Inc. will post 1.87 EPS for the current fiscal year.
Hedge Funds Weigh In On Affirm
Wall Street Analyst Weigh In
Several analysts recently weighed in on AFRM shares. Cantor Fitzgerald lifted their target price on shares of Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, August 31st. Bank of America upped their target price on shares of Affirm from $93.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Oppenheimer lifted their price target on Affirm from $100.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. BTIG Research restated a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. Finally, Needham & Company LLC raised their price target on Affirm from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.33.
Get Our Latest Report on Affirm
About Affirm
Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.
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