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SAN FRANCISCO— Affirm Holdings , Inc. (NASDAQ:AFRM) Director Keith Rabois has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Rabois sold a total of 16,086 shares of Affirm’s Class A Common Stock on February 3, 2025. The sales were executed at prices ranging from $57.93 to $60.68 per share, generating a total value of approximately $967,011. The transaction comes as Affirm’s stock has shown remarkable momentum, with InvestingPro data showing a 131% surge over the past six months, despite the company’s current unprofitable status.
These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which Rabois adopted on September 12, 2024. Following the sales, Rabois holds 77,608 shares of Affirm stock directly. With the company’s market capitalization now at $18.7 billion and its next earnings report due in just two days, InvestingPro subscribers can access comprehensive insider trading analysis and 8 additional key insights about Affirm’s financial health.
Affirm Holdings, a prominent player in the financial technology sector, provides personal credit services and has been a subject of interest for investors due to its innovative approach to consumer financing. The company has demonstrated strong revenue growth of 47% in the last twelve months, though InvestingPro analysis indicates the stock currently trades at a premium to its Fair Value.
In other recent news, Affirm Holdings Inc. saw a flurry of analyst activity. Compass Point upgraded the company’s stock rating to Neutral and raised the price target to $61, citing a more optimistic outlook on Affirm’s growth and profitability prospects. RBC Capital Markets also adjusted its outlook on Affirm, increasing the price target from $52.00 to $67.00, while maintaining a Sector Perform rating. On the other hand, Needham held steady with its Hold rating on Affirm, amid analysis of the potential advantages of the company obtaining a banking license.
In terms of financial maneuvers, Affirm issued $920 million in convertible senior notes due 2029, represented by Morgan Stanley (NYSE:MS) & Co. LLC, Barclays (LON:BARC) Capital Inc., and J.P. Morgan Securities LLC. This move creates a direct financial obligation through the issuance of these notes.
Furthermore, Affirm and Liberty Mutual Investments (LMI) expanded their existing forward flow loan purchase program. Under the new terms, LMI will commit to purchasing installment loans from Affirm, with the potential outstanding amount reaching up to $750 million.
These developments highlight recent actions taken by Affirm to bolster its financial position and growth prospects. The company’s strategies have drawn attention from various analysts, reflecting its evolving role in the financial sector.
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