Insider Selling: Affirm (NASDAQ:AFRM) CAO Sells 26,980 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM – Get Free Report) CAO Siphelele Jiyane sold 26,980 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the transaction, the chief accounting officer directly owned 188,711 shares in the company, valued at $13,623,047.09. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Siphelele Jiyane also recently made the following trade(s):

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• On Friday, September 4th, Siphelele Jiyane sold 25,000 shares of Affirm stock. The stock was sold at an average price of $72.41, for a total value of $1,810,250.00.

Affirm Stock Down 0.7%

Shares of NASDAQ AFRM traded down $0.51 on Wednesday, hitting $71.58. The company had a trading volume of 3,986,196 shares, compared to its average volume of 5,332,116. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $92.56. The firm has a market capitalization of $24.15 billion, a P/E ratio of 12.97, a PEG ratio of 3.00 and a beta of 3.61. The business has a 50 day moving average of $75.43 and a two-hundred day moving average of $66.39.

Affirm (NASDAQ:AFRM – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating the consensus estimate of $0.35 by $4.27. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The company’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AFRM has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. BTIG Research reiterated a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. Cantor Fitzgerald upped their price objective on shares of Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, August 31st. Wells Fargo & Company raised their target price on Affirm from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Affirm in a research report on Friday, August 28th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.78.

Read Our Latest Research Report on Affirm

Institutional Trading of Affirm

Several institutional investors and hedge funds have recently bought and sold shares of AFRM. Capital Research Global Investors grew its position in shares of Affirm by 0.5% in the 4th quarter. Capital Research Global Investors now owns 23,145,942 shares of the company’s stock worth $1,722,797,000 after acquiring an additional 104,239 shares in the last quarter. Capital World Investors raised its position in shares of Affirm by 2.4% during the 4th quarter. Capital World Investors now owns 21,710,914 shares of the company’s stock valued at $1,615,953,000 after acquiring an additional 507,224 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Affirm by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 5,501,387 shares of the company’s stock valued at $408,433,000 after acquiring an additional 329,312 shares in the last quarter. Norges Bank bought a new position in Affirm during the fourth quarter worth $281,961,000. Finally, Jericho Capital Asset Management L.P. lifted its stake in Affirm by 7.5% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,601,248 shares of the company’s stock worth $268,041,000 after purchasing an additional 251,000 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

About Affirm

(Get Free Report)

Affirm Holdings, Inc is a financial technology company that provides flexible payment options for consumers and commerce-enabling tools for merchants. Its core business is buy now, pay later financing, allowing eligible shoppers to pay for purchases over time through fixed installment plans, with terms and pricing that vary by transaction and consumer qualification.

Affirm’s products include point-of-sale financing integrated into merchant checkout experiences, the Affirm app and marketplace, and the Affirm Card, which is designed to let users convert eligible purchases into installment plans.

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