Keith Rabois Sells 9,276 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total transaction of $297,945.12. Following the sale, the director now owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 14th, Keith Rabois sold 9,276 shares of Affirm stock. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64.

Affirm Price Performance

AFRM stock opened at $34.93 on Friday. Affirm Holdings, Inc. has a 1 year low of $8.80 and a 1 year high of $52.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of -14.03 and a beta of 3.56. The company has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $35.50.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The company had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Research analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AFRM shares. Wedbush reaffirmed an “underperform” rating and issued a $20.00 target price on shares of Affirm in a research report on Friday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their target price on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, The Goldman Sachs Group increased their target price on shares of Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

Hedge Funds Weigh In On Affirm

Large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in shares of Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after acquiring an additional 470 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Affirm by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock valued at $2,032,000 after acquiring an additional 480 shares during the period. Planned Solutions Inc. bought a new position in shares of Affirm during the fourth quarter valued at $25,000. Finally, Signaturefd LLC raised its stake in shares of Affirm by 9.0% during the third quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock valued at $136,000 after acquiring an additional 528 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

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.