5 New Reddit WallStreetBets Stocks On the Rise

3. Affirm Holdings, Inc. (NASDAQ: AFRM)

Number of Hedge Fund Holders: 25

Percentage Gain in Past Five Days: 35.82%

Affirm Holdings, Inc. (NASDAQ: AFRM) is a California-based firm that owns and runs a mobile-first commerce platform. It is ranked third on our list of 10 new Reddit WallStreetBets stocks on the rise.

On August 30, investment advisory RBC Capital kept an Outperform rating on Affirm Holdings, Inc. (NASDAQ: AFRM) stock and raised the price target to $124 from $87, appreciating a partnership the company had entered into with ecommerce giant Amazon. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Thrive Capital is a leading shareholder in Affirm Holdings, Inc. (NASDAQ: AFRM) with 3.9 million shares worth more than $265 million.