Monitoring - A fix has been implemented and we are continuing to monitor. Jun 13, 2023 - 13:11 PDT, Investigating - We are investigating a degradation to Affirm's checkout service for merchants integrated with the direct_checkout endpoint. All rights reserved. Affirm goes down. So what. In the past three months, Affirm insiders have sold more of their company's stock than they have bought. This is causing checkouts to fail within that subset of Canadian users. See footer fordetails. Theres another weak day in the tech sector as more money is coming out of the high-flying mega caps. A down payment may be required. While there isn't any major news today, it's worth noting that there has been some concerning data to emerge about the BNPL space as a whole. To make the world smarter, happier, and richer. View Affirm's Short Interest. ET. status page, StatusGator will collect information about these events. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. What is Affirm's stock price forecast for 2023? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. High institutional ownership can be a signal of strong market trust in this company. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Article printed from InvestorPlace Media, https://investorplace.com/2022/05/why-is-affirm-afrm-stock-down-today-2/. component in our notifications to you. Affirm has a P/B Ratio of 1.69. Why Shares of Affirm Are Falling Today By Bram Berkowitz Dec 16, 2021 at 4:55PM Key Points Inflationary fears seemed to have resumed today as the market once Affirm (NASDAQ:AFRM) has a market capitalization of $4.39 billion and generates $1.35 billion in revenue each year. americanbankingnews.com - June 25 at 2:50 Break Russia & China's Food Security Hold - Explore This $30B Industry. Our daily ratings and market update email newsletter. ET Monday morning. The company's average rating score is 2.11, and is based on 5 buy ratings, 10 hold ratings, and 3 sell ratings. Affirm does not currently pay a dividend. That seemed to spook investors as higher rates create higher defaults on loans and can lead to less loan demand as well. Pfizer ( PFE -3.90%) is having a rough session in early trading Monday. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. However, the decline in AFRM stock has been violent, with this stock heading more than 11% lower today at the time of writing. This has it ending the development of pamrevlumab as an idiopathic pulmonary fibrosis (IPF) treatment. The shares closed Thursday down more than 10.5%. Heres Why. Technical issues on your side, or problems with your software or ISP. Learn More. As for Apple wading into the financial services space, that will be something that banks and fintech companies -- and their shareholders -- should watch carefully. All logos and company names are trademarks or registered trademarks of their respective holders. Stock Rises On Amazon Pay Inclusion, Affirm: Not Quite A Dead Cat Bounce - Reversal May Be Here, Affirm Holdings, Inc. (AFRM) Presents at 51st Annual J.P. Morgan Global Technology, Media and Communications Conference (Transcript), Affirm Holdings, Inc. (AFRM) SVB MoffettNathanson's Inaugural Technology, Media and Telecom Conference (Transcript), Affirm Holdings, Inc. (AFRM) Barclays Emerging Payments & FinTech Forum (Transcript), Affirm Holdings, Inc. 2023 Q3 - Results - Earnings Call Presentation, Affirm Holdings, Inc. (AFRM) Q3 2023 Earnings Call Transcript, AFRM Stock Earnings: Affirm Beat EPS, Revenue Estimates, Affirm Q3 Earnings Preview: Exit Now, Before It's Too Late, Affirm Holdings: Slowing Growth Is A Big Problem, Affirm Holdings, Inc. (AFRM) Bank of America's Electronic Payments Symposium (Transcript), Affirm Holdings, Inc. (AFRM) Presents at Wolfe FinTech Forum Conference (Transcript), Morgan Stanley Trims Affirm (NASDAQ:AFRM) Target Price to $53.00, Royal Bank of Canada Trims Affirm (NASDAQ:AFRM) Target Price to $40.00, CEOs Confidence Isnt What Affirm Stock Needs Now, Affirm (AFRM) Stock Is Down 10% Despite New Deal With Stripe, 3 Economic Indicators Spell Big Trouble for Affirm, Affirm Stock Is a Wait and See Until August 9s Quarterly Results, AFRM Stock Climbs 30% After Affirm Beat Q3 Revenue Estimates, Dont Hold Affirm Stock Heading Into Thursdays Earnings Report, Affirm Stock Faces Regulatory Headwinds but That Makes It Appealing. ET. To see all exchange delays and terms of use please see Barchart's disclaimer. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify, long March 2023 $120 calls on Apple, short January 2023 $1,160 calls on Shopify, and short March 2023 $130 calls on Apple. Tech and growth stocks have had a tough month, as investors worry about higher inflation and likely interest rate hikes next year, which are never good for growth stocks. Warn notifications are used when Affirm is undergoing a Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Invest better with The Motley Fool. Specifically, the drugmaker's shares were down by 5.5% on heavy volume as of 10:24 a.m. This has it ending the development of pamrevlumab as an idiopathic pulmonary fibrosis (IPF) treatment. or services spread out across many regions. See Full AFRM Report What is Stock Sentiment? We are working with their team to mitigate the issue. View institutional ownership trends. 2,760 cloud services in real-time, Thats a big move, and investors have rightly taken notice. Some local issues with a small group of accounts on the service side. American Consumer News, LLC dba MarketBeat 2010-2023. Save on eligible Mac for college. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The stock was down 4.3% at $33.40 at time of publication. The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023. We are investigating the issue and we will provide additional updates as we know more. The 3D printer-maker Stratasys ( SSYS 7.27%) remains in play -- and its stock is up another 8% as of 11:05 a.m. Shop your favorite stores online or in-store and pay later with Affirm. 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. Affirm Holdings, Inc (NASDAQ: AFRM) stock is shooting higher after Amazon.Com, Inc's (NASDAQ: AMZN) Amazon Pay allowed View analysts price targets for AFRM or view top-rated stocks among Wall Street analysts. In-depth profiles and analysis for 20,000 public companies. With less borrowing power, buy now pay later (BNPL) firms like Affirm could see some serious headwinds, should delinquencies pick up. The Motley Fool recommends the following options: long January 2022 $75 calls on PayPal Holdings. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Earnings for Affirm are expected to grow in the coming year, from ($3.51) to ($2.99) per share. Affirms decline is heavily To make the world smarter, happier, and richer. Most stocks in the fintech and lending spaces are seeing impressive declines today. Affirm, Inc., NMLS ID 1883087. Its certainly a tough time to be a growth investor. Your rate will be 036% APR based on credit, and is subject to an eligibility check. cloud services since 2015. 2023 Benzinga.com. a Finance solution See Full AFRM Report AFRM stock closed at $14.89 and is down -$0.24 during pre-market trading. Use of them does not imply any affiliation or endorsement by them. Affirm Holdings Inc ( AFRM) stock is down 9.78% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. StatusGator has been contact@marketbeat.com Get daily stock ideas from top-performing Wall Street analysts. June 25, 2023 Buy Now, Pay Later Programs Are Booming. Loans are made or arranged pursuant to California Financing Law license 60DBO-111681. California residents: Affirm Loan Services, LLC is licensed by the Department of Financial Protection and Innovation. View details of the current Affirm status below. statuses change. "There's a lot of room for growth for all involved.". Upgrade to MarketBeat All Access to add more stocks to your watchlist. Please log in to your account or sign up in order to add this asset to your watchlist. 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. Affirm Holdings Inc ( AFRM) is down -1.61%% today. The company provided earnings per share guidance of for the period. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shop Bedding & Bath Linens, Furniture, Mattresses & Decor. 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. What happened. 0.55Average Business Services News Sentiment. Meta continues to climb higher, despite already being up 131% on the According to analysts' consensus price target of $16.53, Affirm has a forecasted upside of 7.6% from its current price of $15.36. Pfizer ( PFE -3.90%) is having a rough session in early trading Monday. As of 1:40 p.m. "I don't think there's much concern," Levchin said on Bloomberg Television Tuesday. What guidance has Affirm issued on next quarter's earnings? Affirm has received a consensus rating of Hold. We've been monitoring Affirm outages since November 8, 2019. most cases, it means that core functions are not working properly, or This eligibility check won't affect your credit score. Affirm Holdings, Inc. (NASDAQ:AFRM) announced its quarterly earnings results on Tuesday, May, 9th. Identify stocks that meet your criteria using seven unique stock screeners. You have already added five stocks to your watchlist. Get short term trading ideas from the MarketBeat Idea Engine. The Affirm Card is a Visa debit card issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Nasdaq Export data to Excel for your own analysis. "This quarter's results are disappointing and reflect a difficult macroeconomic environment that led to funding constraints in our marketplace," saidDave Girouard, co-founder and CEO of Upstart. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Cost basis and return based on previous market day close. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This makes it ET Thursday as investors continued to digest the recent revelation from Apple that it is wading into the space. See what's happening in the market right now with MarketBeat's real-time news feed. Save 20% off mattresses and everything else at Casper! Chris MacDonalds love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. There are two main options: You can check the Affirm status page or 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Affirm in the last year. However, there is a potential explanation of why we may be seeing shares pull back. Affirm trades on the NASDAQ under the ticker symbol "AFRM.". include them in notifications. contact@marketbeat.com United Natural Foods Risk-Reward Tradeoff Looks Appetizing, Drugmaker GSK: Becoming a Healthier Value Stock. Updates will be posted as we receive them. 1125 N. Charles St, Baltimore, MD 21201. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. There does not seem to be an obvious reason behind the move. 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. Up to 50% off select clothing, footwear, and gear. View which stocks are hot on social media with MarketBeat's trending stocks report. Loan volumes are expected to continue lower, filter your status page notifications about Affirm incidents, providing transparency and peace of mind. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Truist Financial Increases Affirm (NASDAQ:AFRM) Price Target to $24.00. AFRM has an Overall Score of 36. Affirm seems to be up and running. Additionally, from a business model standpoint, higher rates stand to impact the consumer in a negative way. critical issues, red down notifications appear on the status page. That benefited data center operator Applied Digital ( APLD 13.60%) Monday, as did an analyst's price target hike. On average, they predict the company's stock price to reach $16.53 in the next twelve months. These two factors helped drive the company's share Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Affirm's stock was trading at $9.67 at the beginning of the year. Shares of AFRM stock can be purchased through any online brokerage account. It may be too soon to tell how Upstarts results will correlate with Affirms. StatusGator users monitor Affirm Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging from one to sixty months. As of May 31st, there was short interest totaling 41,500,000 shares, a drop of 8.8% from the May 15th total of 45,480,000 shares. The Motley Fool has a disclosure policy. AFRM has an Overall Score of 36. The business earned $380.98 million during the quarter, compared to the consensus estimate of $371.96 million. But the market once again sold off tech and growth today, as the Bank of England raised interest rates, and investors continued to worry about inflation. 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. Learn More. The company is expected to report earnings on May 12. Export data to Excel for your own analysis. Specifically, the drugmaker's shares were down by 5.5% on heavy volume as of 10:24 a.m. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. This means, you can Inflationary fears seemed to have resumed today as the market once again soured on growth and tech stocks. This is affecting a small percentage of customers going through checkout. You have already added five stocks to your watchlist. Since then, AFRM stock has increased by 53.5% and is now trading at $14.84. You can get alerts by signing up for a free StatusGator account. Total revenue came in at $361 million for Cost basis and return based on previous market day close. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. View AFRM analyst ratings or view top-rated stocks. ago. 326 E 8th St #105, Sioux Falls, SD 57103 However, the speed of this reduction may be worse than expected, prompting fears that BNPL companies like Affirm may be in worse shape moving forward. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. using 4 different statuses: up, warn, down, and maintenance No thanks, well leave those to the credit card companies. Because Affirm has several components, each with their Upstart Holdings Q2 Earnings Recap: Revenue And EPS Miss, CEO Calls Quarter 'Disappointing', Do Not Sell My Personal Data/Privacy Policy. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The 3D printer-maker Stratasys ( SSYS 7.27%) remains in play -- and its stock is up another 8% as of 11:05 a.m. Learn More. We have identified the deploy which caused the issue and are rolling back now. quotes delayed at least 15 minutes, all others at least 20 minutes. Then the Consumer Financial Protection Burea (CFPB) recently requested data from several large BNPL firms, including Affirm. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. Shop the Peloton Row starting at $0 down and 0% APR. Why 2023 Could Kick Off a "Cash Frenzy" in Stocks, One-Stock Millionaire IGNORES 99.9% of the Market. Sign up now, it's free! The Motley Fool owns and recommends Afterpay T FPO, Affirm Holdings, Inc., PayPal Holdings, and Zip FPO. You can check the most recent events in the 'Recent Outages and Issues' section above. 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. Monitoring - A fix has been implemented and we are continuing to monitor. Up to $220 Back on Select Continental Tires. Real-time analyst ratings, insider transactions, earnings data, and more. Should I buy or sell Affirm stock right now? View real-time stock prices and stock quotes for a full financial overview. Making the world smarter, happier, and richer. At Affirm, we like to keep it realand that means no fees, no gotchas, and no regrets. ET. Jun 11, 2023 - 12:04 PDT. ET. 326 E 8th St #105, Sioux Falls, SD 57103 Interestingly, Apple plans to fund loans through this program via its own balance sheet and also make credit decisions through its own subsidiary, which arguably pushes the tech giant further into the financial services space than ever before. Jun 13, 2023 - 13:55 PDT. We track news headlines from hundreds of news outlets and tag them by company. In August of last year, Affirm partnered withAmazon to deliver its BNPL option at checkout. At todays lows, Upstart shed more than 60% of its valuation. There has been growing concerns in the BNPL space about credit quality, with more than one-third of consumers who have tried BNPL missing at least one payment as of September. So, we could just be seeing a slight cooling off after such a rapid upside move. One share of AFRM stock can currently be purchased for approximately $14.84. What is Affirm current status? Jun 13, 2023 - 13:55 PDT, Identified - We have confirmed that our root cause is underlying failures with our cloud provider. as a unified feed. @Affirm ETFs with the largest weight of Affirm (NASDAQ:AFRM) stock in their portfolio include Amplify Online Retail ETF (IBUY), ETFMG Prime Mobile Payments ETF (IPAY), IQ U.S.
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