Affirm (NASDAQ:AFRM) Insider Katherine Adkins Sells 41,664 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 41,664 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $70.55, for a total value of $2,939,395.20. Following the sale, the insider directly owned 152,439 shares in the company, valued at $10,754,571.45. This represents a 21.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katherine Adkins also recently made the following trade(s):

• On Thursday, September 3rd, Katherine Adkins sold 41,664 shares of Affirm stock. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $74.30 on Friday. The stock has a market capitalization of $24.88 billion, a PE ratio of 13.46, a P/E/G ratio of 3.03 and a beta of 3.61. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. The business has a fifty day moving average price of $77.33 and a two-hundred day moving average price of $65.19. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $93.20.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFRM. Royal Bank Of Canada increased their price objective on shares of Affirm from $80.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Friday, August 28th. Mizuho upped their price target on shares of Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Stephens increased their price target on shares of Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Robert W. Baird increased their price target on shares of Affirm from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Bank of America lifted their price objective on shares of Affirm from $93.00 to $104.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Twenty-three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Greenline Wealth Management LLC acquired a new position in Affirm during the fourth quarter worth about $26,000. Syntegra Private Wealth Group LLC acquired a new stake in shares of Affirm in the 1st quarter valued at approximately $28,000. Triumph Capital Management acquired a new stake in shares of Affirm in the 3rd quarter valued at approximately $31,000. Strive Financial Group LLC bought a new stake in shares of Affirm during the 4th quarter valued at approximately $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Affirm during the 1st quarter valued at approximately $34,000. Institutional investors own 69.29% of the company’s stock.

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.