Affirm (NASDAQ:AFRM) CAO Siphelele Jiyane Sells 26,980 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 26,980 shares of Affirm stock in a transaction on Monday, September 14th. The stock was sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the transaction, the chief accounting officer owned 188,711 shares in the company, valued at $13,623,047.09. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 value of $1,810,250.00.

Affirm Trading Down 0.7%

NASDAQ:AFRM opened at $71.58 on Thursday. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $92.56. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.95 and a beta of 3.61. The stock has a fifty day simple moving average of $75.23 and a 200 day simple moving average of $66.54.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AFRM. TD Cowen boosted their price target on shares of Affirm from $117.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 28th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $85.00 price objective on shares of Affirm in a research note on Wednesday. Needham & Company LLC set a $85.00 price objective on shares of Affirm in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Affirm from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Finally, UBS Group increased their target price on Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $98.78.

Institutional Trading of Affirm

A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in shares of Affirm during the second quarter worth approximately $1,097,000. RFG Advisory LLC grew its position in Affirm by 14.4% during the second quarter. RFG Advisory LLC now owns 21,931 shares of the company’s stock valued at $1,788,000 after purchasing an additional 2,760 shares in the last quarter. NewEdge Advisors LLC increased its stake in Affirm by 8.4% in the 2nd quarter. NewEdge Advisors LLC now owns 31,612 shares of the company’s stock valued at $2,578,000 after buying an additional 2,452 shares during the period. IFP Advisors Inc increased its stake in Affirm by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock valued at $333,000 after buying an additional 343 shares during the period. Finally, Allworth Financial LP lifted its position in Affirm by 52.6% in the 2nd quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $243,000 after buying an additional 1,027 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.