Affirm (NASDAQ:AFRM) COO Sells $8,004,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) COO Michael Linford sold 100,000 shares of Affirm stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. This represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Affirm Stock Performance

AFRM opened at $84.58 on Friday. The company has a market cap of $28.33 billion, a PE ratio of 76.89, a price-to-earnings-growth ratio of 3.45 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a 50-day moving average of $69.32 and a 200-day moving average of $63.14. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on AFRM shares. Oppenheimer reissued an “outperform” rating and issued a $87.00 price target on shares of Affirm in a research report on Friday, May 8th. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. Truist Financial upped their price objective on Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Affirm in a research report on Wednesday, June 24th. Finally, Susquehanna increased their price target on Affirm from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.20.

Institutional Investors Weigh In On Affirm

Institutional investors and hedge funds have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new stake in shares of Affirm during the fourth quarter worth approximately $26,000. Syntegra Private Wealth Group LLC acquired a new stake in shares of Affirm in the first quarter valued at approximately $28,000. Triumph Capital Management bought a new stake in shares of Affirm in the third quarter valued at approximately $31,000. CoreCap Advisors LLC boosted its stake in shares of 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 buying an additional 358 shares during the period. Finally, Strive Financial Group LLC acquired a new stake in Affirm during the fourth quarter worth approximately $33,000. 69.29% of the stock is owned by institutional investors.

Affirm Company Profile

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.