Affirm (NASDAQ:AFRM) CAO Sells $1,947,686.20 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 26,980 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the sale, the chief accounting officer directly owned 188,711 shares of the company’s stock, valued at $13,623,047.09. This represents a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Siphelele Jiyane also recently made the following trade(s):

• On Friday, September 4th, Siphelele Jiyane sold 25,000 shares of Affirm stock. The shares were sold at an average price of $72.41, for a total transaction of $1,810,250.00.

Affirm Trading Up 1.3%

AFRM opened at $71.21 on Friday. The stock has a market capitalization of $24.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.87 and a beta of 3.61. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $92.56. The firm’s fifty day simple moving average is $74.72 and its 200 day simple moving average is $66.73.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, research analysts anticipate that Affirm Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several research reports. Wolfe Research restated an “outperform” rating on shares of Affirm in a research note on Friday, August 28th. Piper Sandler lifted their price objective on shares of Affirm from $103.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Truist Financial lifted their price objective on shares of Affirm from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Zacks Research downgraded shares of Affirm from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.78.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AFRM. QRG Capital Management Inc. boosted its holdings in shares of Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock valued at $444,000 after buying an additional 340 shares during the last quarter. IFP Advisors Inc increased its holdings in Affirm by 9.2% during the second quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock worth $333,000 after buying an additional 343 shares during the last quarter. ABN Amro Investment Solutions increased its holdings in Affirm by 3.6% during the first quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock worth $501,000 after buying an additional 378 shares during the last quarter. Parallel Advisors LLC raised its position in Affirm by 11.9% during the first quarter. Parallel Advisors LLC now owns 4,497 shares of the company’s stock worth $206,000 after acquiring an additional 480 shares in the last quarter. Finally, GraniteShares Advisors LLC raised its position in Affirm by 6.8% during the first quarter. GraniteShares Advisors LLC now owns 8,442 shares of the company’s stock worth $387,000 after acquiring an additional 537 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides flexible payment options for consumers and commerce-enabling tools for merchants. Its core business is buy now, pay later financing, allowing eligible shoppers to pay for purchases over time through fixed installment plans, with terms and pricing that vary by transaction and consumer qualification.

Affirm’s products include point-of-sale financing integrated into merchant checkout experiences, the Affirm app and marketplace, and the Affirm Card, which is designed to let users convert eligible purchases into installment plans.