Noel Bertram Watson Sells 2,000 Shares of Affirm (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Noel Bertram Watson also recently made the following trade(s):

• On Tuesday, April 14th, Noel Bertram Watson sold 2,000 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total transaction of $110,000.00.

Affirm Trading Down 2.6%

Shares of AFRM opened at $65.82 on Friday. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm’s fifty day moving average is $54.70 and its two-hundred day moving average is $62.88. The stock has a market cap of $22.04 billion, a PE ratio of 59.84, a price-to-earnings-growth ratio of 4.28 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter in the previous year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. Research analysts forecast that Affirm Holdings, Inc. will post 1.13 earnings per share for the current fiscal year.

Affirm News Roundup

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
• Positive Sentiment: Several recent analyst notes and media reports highlighted bullish views on Affirm, reinforcing expectations for continued execution and growth in the BNPL market. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Jim Cramer said Affirm is “doing the right thing with AI,” adding to the bullish narrative around its product strategy and AI-related commerce opportunities. Affirm (AFRM) Is Doing The Right Thing With AI, Says Jim Cramer
• Positive Sentiment: Coverage of Affirm’s partnership with Google and its push into AI-enabled shopping suggests a potential path to broader adoption and more payment volume over time. Can Affirm and Google Simplify Payments in AI Shopping?
• Neutral Sentiment: Affirm’s investor day laid out an aggressive expansion plan, including new products and international growth, but the market reaction was mixed. Affirm Unveils Aggressive Expansion Blueprint
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged 10b5-1 transaction, which can slightly weigh on sentiment even though it does not necessarily signal a change in fundamentals. Insider trade disclosure for Noel Bertram Watson

Analyst Ratings Changes

AFRM has been the topic of several recent research reports. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Needham & Company LLC lifted their target price on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald lifted their target price on shares of Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $79.00 target price on shares of Affirm and gave the stock an “overweight” rating in a research note on Sunday, May 10th. Finally, Citigroup reissued a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares during the last quarter. Mount Vernon Associates Inc. MD boosted 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 valued at $3,195,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Affirm by 63.6% during the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after acquiring an additional 203 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of Affirm by 1.3% during the 4th quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after acquiring an additional 206 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Affirm by 36.6% during the 4th quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Company Profile

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.