Affirm (NASDAQ:AFRM) COO Michael Linford Sells 100,000 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) COO Michael Linford sold 100,000 shares of Affirm stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares in the company, valued at approximately $9,443,439.36. This represents a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Price Performance

AFRM stock opened at $81.55 on Wednesday. The company has a market capitalization of $27.31 billion, a P/E ratio of 74.14, a PEG ratio of 4.64 and a beta of 3.70. The company has a fifty day moving average price of $68.59 and a 200-day moving average price of $62.91. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The company had revenue of $943.95 million for 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%. Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. As a group, equities analysts expect that Affirm Holdings, Inc. will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Affirm

Several institutional investors have recently added to or reduced their stakes in the business. Mount Vernon Associates Inc. MD grew its position in shares of Affirm by 0.5% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after buying an additional 200 shares during the period. Fifth Third Bancorp boosted its stake in Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after acquiring an additional 203 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Affirm by 1.3% during the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock worth $1,237,000 after acquiring an additional 206 shares in the last quarter. UMB Bank n.a. grew its holdings in Affirm by 36.6% in the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock worth $58,000 after purchasing an additional 210 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AFRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Wednesday, June 24th. Robert W. Baird set a $70.00 target price on Affirm in a report on Friday, May 8th. Stephens increased their target price on shares of Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Citigroup restated a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.60.

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.