Affirm (NASDAQ:AFRM) Shares Gap Down - Time to Sell?

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $61.86, but opened at $58.50. Affirm shares last traded at $56.33, with a volume of 1,964,015 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Mizuho increased their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their target price on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price target on Affirm from $45.00 to $75.00 and gave the stock a "hold" rating in a research report on Monday, December 16th. Finally, William Blair started coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an "outperform" rating on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Affirm presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.24.

Affirm Stock Down 0.8 %

The firm's fifty day simple moving average is $63.94 and its 200-day simple moving average is $54.89. The company has a market cap of $18.51 billion, a PE ratio of -89.29 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O'hare sold 6,541 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares of the company's stock, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Linford sold 400,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total value of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company's stock, valued at approximately $5,893,125.80. The trade was a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 478,387 shares of company stock worth $32,691,830. Insiders own 12.41% of the company's stock.

Institutional Investors Weigh In On Affirm

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in shares of Affirm by 2.0% in the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock valued at $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Vanguard Group Inc. lifted its position in Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after buying an additional 716,574 shares in the last quarter. Capital World Investors increased its position in shares of Affirm by 0.4% in the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company's stock worth $1,116,861,000 after acquiring an additional 72,582 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after acquiring an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its position in Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock valued at $316,561,000 after purchasing an additional 538,892 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.

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.