there is some other serious customer-impacting event underway. No thanks, well leave those to the credit card companies. or has an outage. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. You have already added five stocks to your watchlist. Thats a big move, and investors have rightly taken notice. In fact, the only major news item specific to Affirm is an analyst increasing its price target. Affirm Pay in 4 payment option is 0% APR. CNBCs Kristina Partsinevelos joins the Fast Money traders to talk how the student loan payment resumption will impact buy now, pay later stocks. View analysts price targets for AFRM or view top-rated stocks among Wall Street analysts. Stay informed of vendor outages and reduce ticket volume, One status page for all your infrastructure providers, Features designed specifically for the needs of K12, Advanced features designed for enterprise needs, Aggregate the status of all your vendors to a single page, A status page with website and cloud monitoring built-in, Your team's private status page reduces support tickets, Monitor all your cloud services from a single dashboard, Monitor your website with uptime monitoring built-in, From start up to enterprise and everything in between, Special plans and discounts for K12 and higher ed. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. americanbankingnews.com - June 25 at 2:50 Singapores Wealth Fund Is Buying Affirm (AFRM) Stock. Sneaky fine print? These two factors helped drive the company's share This is affecting a small percentage of customers going through checkout. Theres another weak day in the tech sector as more money is coming out of the high-flying mega caps. Insiders that own company stock include Del Castillo Sharda Caro, Founders Fund V Management, Ll, Jeremy Philips, Katherine Adkins, Keith Rabois, Michael Linford, Private Ltd Gic and Siphelele Jiyane. View our AFRM earnings forecast. AFRM | Complete Affirm Holdings Inc. Cl A stock news by MarketWatch. statuses change. On the whole, however, I do have concerns about the BNPL space when it comes to credit because the U.S. economy could soon slide into a recession, and past BNPL credit trends have been concerning. Why Affirm Stock Is Down By 10% Today - Yahoo Finance Plus Free Returns. For the three months ending on Dec. 31, Affirm reported a loss of nearly $160 million, or a loss of $0.55 earnings per share (EPS). High institutional ownership can be a signal of strong market trust in this company. Why Shares of Affirm Are Falling Today | The Motley Fool their status page, we pull down the detailed informational updates and cloud services since 2015. There are currently 3 sell ratings, 10 hold ratings and 5 buy ratings for the stock. With less borrowing power, buy now pay later (BNPL) firms like Affirm could see some serious headwinds, should delinquencies pick up. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Terms apply. At Affirm, we like to keep it realand that means no fees, no gotchas, and no regrets. to get notified when it's down, is under maintenance, Loans are made or arranged pursuant to California Financing Law license 60DBO-111681. However, buy now, pay later company Affirm (AFRM 7.00%) was a big underperformer, with shares down by 11%. When seemingly anything worked last year, investors jumping into high-multiple names such as Affirm(NASDAQ:AFRM) couldnt go wrong. The stock was main headline message and include that brief information or overview in Follow the recent outages and downtime for Affirm in the table below. Loan volumes are expected to continue lower, something investors may have already anticipated. We have been alerted to potential issues with our cloud provider. Receive AFRM Stock News and Ratings via Email. That seemed to spook investors as higher rates create higher defaults on loans and can lead to less loan demand as well. ET Thursday as Affirm is scheduledto announce its fiscal fourth-quarter financial results on Aug. 25. In-depth profiles and analysis for 20,000 public companies. Jim breaks down why this years big tech winners are lagging today. 2 Pandemic Stocks Down 90% to Sell Right Now, Affirm Still Bets Big on Debit+ for Buy Now, Pay Later Demand, Affirm Has Been Another Casualty of the Rapidly Rising Interest Rate Environment, Alphabet, Amazon, Tesla, and Nvidia Have Split Their Shares: These 4 Companies Should Be the Next Stock-Split Stocks, This Nvidia Rival Could Become the Next Hot AI Play, and It Is Way Cheaper, Prediction: This Artificial Intelligence (AI) Growth Stock Will Be Worth $4 Trillion by 2030, Retirees in These 12 States Risk Losing Some of Their Social Security Checks, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. You can check the most recent events in the 'Recent Outages and Issues' section above. Upstart said it expects third-quarter revenue to be approximately $170 million versus the estimate of $248.92 million. However, buy now, pay later company Affirm (AFRM 2.43%) was a big underperformer, with shares down by 11%. To be clear, BNPL continues to be a red-hot growth industry for now and there's nothing in Affirm's latest earnings results to indicate that any consumer activity is a problem for the business. Learn about the media coverage comparison. More specific to Affirm, the Consumer Financial Protection Bureau (CFPB) asked the company, along with several others, to provide information on the BNPL loans they were issuing. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Real-time analyst ratings, insider transactions, earnings data, and more. The stock was down 4.3% at $33.40 at time of publication. Subscribe (if possible) to updates on the. lasted 22 minutes, Failing checkouts for subset of Affirm CA users. To make the world smarter, happier, and richer. Currently, 19.7% of the company's shares are short sold. Jun 13, 2023 - 13:55 PDT, Identified - We have confirmed that our root cause is underlying failures with our cloud provider. Invest better with The Motley Fool. Affirm | Buy now, pay later with no late fees or surprises Why Shares of Affirm Are Falling Today - MSN notifications to StatusGator subscribers. Updates will be posted as we receive them. Late fees? Having a problem? Many investors have been wondering how deep some of these large technology companies might go into financial services, considering how effective they are at customer acquisition. Southern Baptists Move to Purge Churches With Female Pastors Get short term trading ideas from the MarketBeat Idea Engine. However, theres another catalyst thats dragging Affirm and its peers lower today. Affirm does not have a long track record of dividend growth. The Real Problem With 'Made in America' Lithium, Truist Financial Boosts Affirm (NASDAQ:AFRM) Price Target to $24.00, Affirm (NASDAQ:AFRM) Earns Neutral Rating from Analysts at Compass Point, Truist Financial Increases Affirm (NASDAQ:AFRM) Price Target to $24.00, Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update, Affirm Holdings, Inc. (AFRM) RBC Capital Markets 2023 Financial Technology Conference (Transcript), Affirm Holdings, Inc. (AFRM) CFO Fireside Chat Transcript, Affirm Holdings, Inc. (AFRM) Bank of America 2023 Global Technology Conference Transcript, AFRM Stock Alert: Amazon Pay Adds Affirms Buy Now, Pay Later Service, Affirm: Is It Just Hype? Shares had been Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. There does not seem to be an obvious reason behind the move. ET Tuesday, Viking's stock was down by 19.8% on higher-than-normal volume, continuing a decline that started Monday. Nearly a month after 3D printer-making rival 3D Systems ( There are two main options: You can check the Affirm status page or We've sent more than 7,000 notifications to our users Why Is FibroGen (FGEN) Stock Down 81% Today? Lets dive into what investors are watching with this stock. While I agree with Levchin that the BNPL space is still new and the market for these services is largely untapped, I think the integration of this offering onto Apple's iPhone could be a game-changer because it could remove friction from the process. Get daily stock ideas from top-performing Wall Street analysts. Affirm saw a drop in short interest during the month of May. For example, a $800 purchase could be split into 12 monthly payments of $72.21 at 15% APR, or 4 interest-free payments of $200 every 2 weeks. Why What happened Shares of Affirm Holdings ( AFRM 17.31%) rocketed 34.4% on Friday after the payment network's fiscal 2021 fourth-quarter growth metrics dazzled investors. At first glance, there doesn't appear to be on AFRM - Affirm Holdings, Inc. - Yahoo Finance StatusGator has over 3 years of Affirm status history. During the same period last year, the business earned ($0.19) earnings per share. Learn More. Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. At todays lows, Upstart shed more than 60% of its valuation. But the magic began to fade for all fintech stocks with premium valuations after the Federal Reserve sped up the tapering of its bond-buying program and indicated it may raise interest rates multiple times this year. *Average returns of all recommendations since inception. The shares closed Thursday down more than 10.5%. ET. We've been monitoring Affirm outages since November 8, 2019. One share of AFRM stock can currently be purchased for approximately $14.84. Affirm is an innovative company, but it trades at too high a valuation right now, given its lack of profitability and the associated risk. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. It's arguably the most important commodity of the 21st century. Making the world smarter, happier, and richer. View the best growth stocks for 2023 here. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/why-is-affirm-afrm-stock-down-today-2/. details about how the problem is being mitigated, or when the next update Monitoring - A fix has been implemented and we are continuing to monitor. See what's happening in the market right now with MarketBeat's real-time news feed. The Motley Fool recommends the following options: long January 2022 $75 calls on PayPal Holdings. AFRM has an Overall Score of 36. why Meta Platforms Soars with Analysts Bullish on AI-Driven Ad Growth, Delta Airlines Is Flying Higher On Upbeat Guidance, Here's How to Rank the 3 Biggest Video Game Stocks, Redfin: Contrasting Analyst Bearishness With Market Optimism, Korn Ferry: An Undervalued Play on the State of the Workforce, Mullen: The Back-Handed Slap Of Good News. You can also try Tweeting at them via Affirm does not currently pay a dividend. What guidance has Affirm issued on next quarter's earnings? 12.11% of the stock of Affirm is held by insiders. Download the Affirm app and discover a new way to pay over time almost anywhere. Affirm Stock Has Been a Disaster, but More Destruction Is Coming, Use Weakness as Opportunity with Affirm Holdings Stock, Affirm Stock Got a Bump Upward Investors Shouldnt Trust. Shop the sensational looks of summer - available exclusively at BG! Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. 2:10. Apple will fund its BNPL loans from its own balance sheet, and will make credit decisions internally as well. There isn't any company-specific news fueling today's decline. How Low Can Walgreen's Boots Alliance Go? 15 sec. Rising rates from the Federal Reserve have crimped growth expectations for the economy. Affirm Loan Services, LLC, NMLS ID 1479506. Get short term trading ideas from the MarketBeat Idea Engine. Affirm is scheduled to announce its fiscal fourth-quarter financial results on Aug. 25. Heres Why Their Profits Arent. The Motley Fool has positions in and recommends Affirm Holdings, Inc., Amazon, Apple, and Shopify. one of the most popular finance services or services spread out across many regions. Affirm Save 20% off mattresses and everything else at Casper! Benzinga does not provide investment advice. americanbankingnews.com - June 25 at 2:50 AM. non-core bugs, capacity issues, or problems affecting a small number of "Buy now, pay later is the new version of the old layaway plan, but with modern, faster twists where the consumer gets the product immediately but gets the debt immediately, too," CFPB Director Rohit Chopra said in a statement. Payment options through Affirm are provided by these lending partners:affirm.com/lenders. Please log in to your account or sign up in order to add this asset to your watchlist. Find out what this means to you and get the rest of the rankings on AFRM!
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