Keith Rabois Sells 16,086 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) Director Keith Rabois sold 16,086 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the sale, the director now owns 93,694 shares of the company's stock, valued at $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Stock Up 6.4 %

Shares of Affirm stock traded up $3.99 during midday trading on Friday, hitting $66.50. The company's stock had a trading volume of 4,345,245 shares, compared to its average volume of 4,712,473. The firm has a market capitalization of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $73.34. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a 50-day simple moving average of $61.37 and a 200-day simple moving average of $44.15.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million for the quarter, compared to analysts' expectations of $661.39 million. During the same period in the previous year, the company posted ($0.57) EPS. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of Affirm

Large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new stake in Affirm during the third quarter worth approximately $29,000. Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company's stock valued at $44,000 after acquiring an additional 671 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock worth $45,000 after purchasing an additional 732 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock worth $36,000 after acquiring an additional 540 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in Affirm during the third quarter valued at approximately $65,000. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group raised Affirm from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Wells Fargo & Company increased their target price on Affirm from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. JMP Securities raised Affirm from a "market perform" rating to an "outperform" rating and set a $78.00 price target on the stock in a report on Friday, December 20th. Barclays increased their price target on Affirm from $64.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.94.

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.