Affirm (NASDAQ:AFRM) Director Noel Bertram Watson Sells 2,000 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Noel Bertram Watson also recently made the following trade(s):

• On Tuesday, April 14th, Noel Bertram Watson sold 2,000 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total transaction of $110,000.00.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $67.57 on Friday. The company has a market capitalization of $22.51 billion, a price-to-earnings ratio of 61.43, a price-to-earnings-growth ratio of 4.03 and a beta of 3.72. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average of $54.40 and a 200 day moving average of $62.86.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. Affirm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, sell-side analysts predict that Affirm Holdings, Inc. will post 1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Affirm

Large investors have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Affirm during the fourth quarter valued at $26,000. Triumph Capital Management purchased a new stake in Affirm in the third quarter valued at $31,000. CoreCap Advisors LLC boosted its holdings in Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Affirm in the fourth quarter valued at $33,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

More Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
• Positive Sentiment: Jim Cramer called Affirm “a very profitable business” and said the company is “doing the right thing with AI,” reinforcing the bullish investor narrative around its product and platform strategy. Jim Cramer on Affirm: “This Is Now a Very Profitable Business”
• Positive Sentiment: Analyst coverage from multiple outlets pointed to bullish views on Affirm within the financial sector, adding to the sense that Wall Street expects continued execution and growth. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Coverage highlighted Affirm’s move into AI-enabled commerce and a partnership with Google to simplify installment payments in AI shopping, which could expand usage and merchant adoption over time. Can Affirm and Google Simplify Payments in AI Shopping?
• Neutral Sentiment: Affirm’s investor day emphasized a long-term expansion blueprint, including new products and international growth, but the market reaction was mixed and shares were reported lower after the event. Affirm Unveils Aggressive Expansion Blueprint
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged transaction, which can slightly weigh on sentiment even though the sale was under a 10b5-1 plan. Insider trade disclosure for Noel Bertram Watson

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citizens Jmp reduced their price target on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Mizuho upped their price target on Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank Of Canada upped their price target on Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

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.