Affirm Holdings, Inc. $AFRM is Odyssean LLC’s 5th Largest Position

Odyssean LLC lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 139.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,968 shares of the company’s stock after acquiring an additional 25,579 shares during the period. Affirm accounts for about 0.6% of Odyssean LLC’s investment portfolio, making the stock its 5th biggest 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 also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after buying an additional 3,892 shares during the period. Empowered Funds LLC grew its holdings in Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after purchasing an additional 8,014 shares during the period. Focus Partners Wealth bought a new position in shares of Affirm during the first quarter valued at approximately $243,000. EverSource Wealth Advisors LLC increased its stake in shares of Affirm by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after purchasing an additional 427 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Affirm by 44.8% during the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after purchasing an additional 59,297 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 100,000 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of analyst reports. UBS Group boosted their price target on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a research report on Tuesday, May 26th. Truist Financial lifted their price objective on Affirm from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Compass Point set a $100.00 target price on Affirm in a research note on Friday, July 17th. Finally, Robert W. Baird raised their price target on Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average price target of $93.58.

Affirm Price Performance

Shares of AFRM opened at $77.94 on Wednesday. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The company has a market capitalization of $26.10 billion, a P/E ratio of 70.85, a price-to-earnings-growth ratio of 3.11 and a beta of 3.71. The firm has a 50 day moving average of $77.18 and a 200 day moving average of $64.24. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

About Affirm

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.