Odyssean LLC Has $3.59 Million Stock Position in Affirm Holdings, Inc. $AFRM

Odyssean LLC increased its position in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 139.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,968 shares of the company’s stock after purchasing an additional 25,579 shares during the period. Affirm makes up 0.6% of Odyssean LLC’s investment portfolio, making the stock its 5th largest holding. Odyssean LLC’s holdings in Affirm were worth $3,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenline Wealth Management LLC acquired a new position in shares of Affirm during the fourth quarter valued at about $26,000. Triumph Capital Management bought a new position in Affirm in the 3rd quarter valued at about $31,000. Strive Financial Group LLC acquired a new position in Affirm during the 4th quarter valued at about $33,000. Larson Financial Group LLC boosted its stake in Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in Affirm by 2,381.0% during the 4th quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 1.4%

Shares of AFRM opened at $77.94 on Wednesday. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $100.00. The company has a market capitalization of $26.10 billion, a P/E ratio of 70.85, a P/E/G ratio of 3.11 and a beta of 3.71. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The firm’s 50 day simple moving average is $77.18 and its 200 day simple moving average is $64.24.

Insider Activity

In other news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer directly owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. The trade was a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several analyst reports. TD Cowen lifted their target price on Affirm from $90.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group raised their price objective on Affirm from $90.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Oppenheimer increased their target price on shares of Affirm from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Monday. Needham & Company LLC raised their price target on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Citigroup upped their price objective on shares of Affirm from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.58.

View Our Latest Report on Affirm

Affirm Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.