Affirm (NASDAQ:AFRM) CAO Siphelele Jiyane Sells 25,000 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $72.41, for a total value of $1,810,250.00. Following the sale, the chief accounting officer directly owned 215,691 shares in the company, valued at approximately $15,618,185.31. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Affirm Stock Down 5.5%

AFRM stock opened at $68.15 on Thursday. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 2.95 and a beta of 3.61. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $92.56. The firm has a fifty day moving average price of $76.50 and a two-hundred day moving average price of $65.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating the consensus estimate of $0.35 by $4.27. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Research analysts predict that Affirm Holdings, Inc. will post 1.87 EPS for the current year.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AFRM. California State Teachers Retirement System raised its stake in Affirm by 7,715.3% during the 2nd quarter. California State Teachers Retirement System now owns 29,932,275 shares of the company’s stock valued at $2,440,977,000 after acquiring an additional 29,549,277 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Affirm by 0.5% in the fourth quarter. Capital Research Global Investors now owns 23,145,942 shares of the company’s stock worth $1,722,797,000 after purchasing an additional 104,239 shares in the last quarter. Capital World Investors grew its stake in shares of Affirm by 2.4% in the fourth quarter. Capital World Investors now owns 21,710,914 shares of the company’s stock worth $1,615,953,000 after purchasing an additional 507,224 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of Affirm by 12.3% during the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after purchasing an additional 808,455 shares during the period. Finally, State Street Corp increased its holdings in shares of Affirm by 26.7% during the third quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after purchasing an additional 1,187,665 shares during the period. 69.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

AFRM has been the topic of several recent research reports. Needham & Company LLC raised their price target on Affirm from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 28th. BMO Capital Markets restated an “outperform” rating on shares of Affirm in a research note on Wednesday. Piper Sandler increased their target price on Affirm from $103.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Oppenheimer raised their target price on Affirm from $100.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Finally, Royal Bank Of Canada boosted their price target on shares of Affirm from $80.00 to $96.00 and gave the company a “sector perform” rating in a report on Friday, August 28th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.33.

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.