5 big analyst AI moves: Nvidia guidance warning; Snowflake, Palo Alto upgraded
Christa S. Quarles, a director at Affirm Holdings , Inc. (NASDAQ:AFRM), recently sold shares totaling $180,756. The company, now valued at $22.1 billion, has seen its stock surge over 111% in the past six months, with InvestingPro data showing the shares trading near their 52-week high of $72.82. The transactions, which took place on December 13, involved the sale of 2,593 shares of Class A Common Stock at prices ranging from $68.56 to $70.75 per share. Following these transactions, Quarles retains ownership of 142,325 shares in the company. These sales were executed under a pre-established Rule 10b5-1 trading plan. According to InvestingPro analysis, Affirm's stock has shown significant volatility, though the company maintains strong liquidity with a current ratio of 17.58. Additional insights and 11 more ProTips are available through InvestingPro's comprehensive research platform.
In other recent news, Affirm Holdings has secured a substantial capital partnership with global investment firm Sixth Street. This collaboration will provide Affirm with up to $4 billion for its loans, marking the largest capital commitment the payment network company has received to date. The agreement is expected to enable Affirm to issue over $20 billion in loans within the next three years.
Affirm's Chief Financial Officer, Rob O’Hare, is set to engage in a fireside chat hosted by Deutsche Bank (ETR:DBKGn) analyst Bryan Keane. The event is expected to cover the company's strategic direction, business model, and financial performance. Mizuho (NYSE:MFG) Securities recently increased the price target for Affirm to $78, up from the previous target of $69, reflecting a more optimistic outlook for the company's financial growth.
In addition to these developments, Affirm has completed a significant transaction with PGIM Fixed Income involving a $500 million private purchase of loans. This move strengthens the existing relationship between the two firms and leverages Affirm's rapid growth. Furthermore, BTIG raised the price target for Affirm to $81 from the previous $68, while maintaining a Buy rating on the stock. The firm anticipates that Affirm will continue to demonstrate its GAAP profitability, making the stock more attractive to a broader financial audience.
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