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

Affirm Holdings, Inc. (NASDAQ:AFRM) CAO Siphelele Jiyane sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $72.41, for a total value of $1,810,250.00. Following the completion of the sale, the chief accounting officer directly owned 215,691 shares in the company, valued at $15,618,185.31. The trade was a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Affirm Stock Down 0.2%

Shares of NASDAQ:AFRM opened at $67.99 on Friday. The stock’s 50-day moving average is $76.17 and its 200 day moving average is $65.87. The company has a market cap of $22.94 billion, a PE ratio of 12.32, a P/E/G ratio of 2.79 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. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $92.56.

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

Hedge Funds Weigh In On Affirm

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFRM. Tidal Investments LLC bought a new stake in shares of Affirm during the 2nd quarter valued at $1,097,000. RFG Advisory LLC increased its stake in shares of Affirm by 14.4% in the 2nd quarter. RFG Advisory LLC now owns 21,931 shares of the company’s stock worth $1,788,000 after acquiring an additional 2,760 shares in the last quarter. NewEdge Advisors LLC lifted its position in Affirm by 8.4% during the 2nd quarter. NewEdge Advisors LLC now owns 31,612 shares of the company’s stock valued at $2,578,000 after acquiring an additional 2,452 shares during the period. IFP Advisors Inc lifted its position in Affirm by 9.2% during the 2nd quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock valued at $333,000 after acquiring an additional 343 shares during the period. Finally, Allworth Financial LP boosted its stake in Affirm by 52.6% during the second quarter. Allworth Financial LP now owns 2,980 shares of the company’s stock worth $243,000 after acquiring an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Cowen lifted 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. BTIG Research restated a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. UBS Group raised their target price on shares of Affirm from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Truist Financial lifted their target price on shares of Affirm from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Cantor Fitzgerald boosted their price target on shares of Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, August 31st. Twenty-four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

About Affirm

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.