Katherine Adkins Sells 82,316 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The shares were sold at an average price of $45.00, for a total value of $273,780.00.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $44.98 on Friday. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The stock’s 50 day moving average price is $32.40 and its 200-day moving average price is $32.61. The company has a market capitalization of $13.90 billion, a PE ratio of -20.28 and a beta of 3.51. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. The Goldman Sachs Group reissued a “buy” rating and set a $42.00 price objective on shares of Affirm in a report on Monday, June 24th. Wedbush raised their price objective on Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. JMP Securities started coverage on Affirm in a report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Friday, September 6th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.32.

Hedge Funds Weigh In On Affirm

Several institutional investors have recently bought and sold shares of the company. Global Wealth Strategies & Associates lifted its stake in Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after purchasing an additional 470 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC lifted its position in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after acquiring an additional 551 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Affirm during the fourth quarter worth $33,000. Finally, Myecfo LLC lifted its position in shares of Affirm by 6.1% during the second quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after acquiring an additional 676 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.