Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $297,945.12 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now owns 60,000 shares of the company’s stock, valued at $1,927,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Keith Rabois also recently made the following trade(s):

• On Thursday, March 14th, Keith Rabois sold 9,276 shares of Affirm stock. The stock was sold at an average price of $34.39, for a total value of $319,001.64.

Affirm Trading Up 1.4 %

Shares of NASDAQ AFRM opened at $34.93 on Monday. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -14.03 and a beta of 3.56. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The stock’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $35.72.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to analysts’ expectations of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Equities research analysts expect that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, February 9th. The Goldman Sachs Group lifted their price objective on Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price target on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Hold” and an average target price of $27.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Affirm by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock valued at $27,615,000 after buying an additional 23,248 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Affirm during the 3rd quarter worth $3,701,000. Trexquant Investment LP grew its stake in shares of Affirm by 79.1% in the third quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock worth $8,421,000 after purchasing an additional 174,807 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Affirm during the fourth quarter valued at $1,816,000. Finally, AXQ Capital LP bought a new stake in shares of Affirm during the third quarter valued at about $735,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.