|Bid||15.69 x 4000|
|Ask||15.80 x 2200|
|Day's range||14.59 - 15.88|
|52-week range||8.62 - 40.97|
|Beta (5Y monthly)||3.18|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Fidelity (FIS) partners with Affirm to integrate Adaptive Checkout in the former's Worldpay, thus enhancing its existing offerings.
Buy now, pay later pioneer Affirm (NASDAQ: AFRM) and plant-based meat producer Beyond Meat (NASDAQ: BYND) are two prime examples. Buy now, pay later (BNPL) made a lot of sense when interest rates were low. Particularly for merchants selling big-ticket items, Affirm could help close sales that may have otherwise not happened at all.
Milken Institute's fintech director Nicole Valentine discusses why she thinks fintech companies will be resilient if the economy takes a turn for the worse.
Affirm CEO Max Levchin joins Yahoo Finance Live to discuss company earnings, mounting interest rate concerns, the quality of credit, user delinquencies, growth, and the outlook for competition in the space.
Welcome to Affirm Holdings third-quarter 2023 earnings conference call. Before we begin, I would like to remind everyone listening that today's call may contain forward-looking statements. Actual results may differ materially from any forward-looking statements that we make today.
While the top- and bottom-line numbers for Affirm Holdings (AFRM) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Affirm Holdings (AFRM) delivered earnings and revenue surprises of 24.18% and 3.85%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Everi Holdings (EVRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Affirm Holdings (AFRM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors flocked to companies like Affirm (NASDAQ: AFRM), and share prices soared as high as $168 -- massive investment returns in a matter of months. Share prices have declined 93% from their peak, and many shareholders are left wondering what the future holds for the company. Fortunately, Affirm's tale hasn't concluded.
The tech sector is off to a strong start to 2023, but it isn't officially out of the woods just yet.
Investors of Affirm (AFRM) react negatively to the Apple Pay Later launch as Apple's entry into the market might shed transactions from Affirm's kitty.
Shoptalk is one of the largest annual retail conferences and Yahoo Finance was there this year to bring you all the latest news and trends. 2023’s event in Las Vegas was bigger than ever, a full takeover of the Mandalay Bay with close to 300 senior company leaders and thousands of guests. All the big retail names were there including the tech giants Amazon (AMZN), Google (GOOG), and PayPal (PYPL), as well as giants of main street such as Foot Locker (FL) and Walmart (WMT). First, AI - artificial intelligence - is having its moment. It’s the ultimate buzzword in the field of investing, and AI was definitely on display at Shoptalk 2023. Tech companies are working with retailers to monetize a lot of the big data they’re collecting in real time. “I think as we see this next generation of AI it’s really powerful. And I think one of the most important questions out there is what are people going to ask it to do?” Pinterest CEO Bill Ready told us. The second major trend at Shoptalk was shipping. Retailers are battling to get all those products you buy online to your doorstep even faster. Shipt, which is owned by Target (TGT), is one of the big players. Twenty two billion packages are shipped every year in the United States according to a recent study by Pitney Bowes (PBI). The size of the package delivery market in the U.S. is expected to hit $157B this year, helping to explain the focus at Shoptalk on delivery solutions. The third big trend at Shoptalk was buy now, pay later. Companies like Affirm (AFRM) and Klarna are among the leaders. According to a recent survey, more than half of all consumers in the U.S. said they were currently using a buy now, pay later service. Key video moments: 00:00:20 three trends in retail today 00:00:40 how AI is changing shopping 00:02:05 buy now, pay later
It's been a rough time in the stock market over the past year and even good companies with lots of long-term potential experienced massive share price sell-offs right alongside not-so-great companies. You wouldn't know Carvana's business is stuck grinding its gears by looking at the company's 72% year-to-date share price rise.
Block (SQ) shares are under pressure after falling 15% on Thursday, as investors continue to digest Hindenburg's latest short-seller report that targeted the company. The report accused Block of misleading investors by overstating user numbers and says it's been ignoring fraudulent payments. While the report offers details of alleged wrongdoings by Block, some Wall Street analysts are not buying into it. "There were a lot of undertones in that Hindenburg report which I didn't like, and I thought were inappropriate as well," Dan Dolev, Mizuho Senior Financial Technology Analyst, told Yahoo Finance. Dolev points out that there are likely similar things going on in payments apps Zelle and Venmo (PYPL). "To a certain extent, these things happen everywhere." The stats that Hindenburg used to back up its accusations actually show the company has a "good hit rate" Dolev says. "I don't think this is actually a valid argument. ...The numbers speak for themselves." You can watch Yahoo Finance's Brad Smith and Jared Blikre's entire interview with Dolev here. Key Video Moments 00:00:01: Hindenburg 'singled out' the Cash app 00:00:33: 'Inappropriate' findings in the report 00:00:52: Block's 'hit rate' around fraudulent activity 00:01:25: Block's gross profit
The alliance adds VersaClimber to Affirm's (AFRM) network of more than 240,000 retail partners.
The Yahoo Finance Live team discusses the biggest takeaways from the first earnings season of 2023.
In its second fiscal quarter of 2023 (the three-month period at the very end of 2022), the buy now, pay later company Affirm (NASDAQ: AFRM) reported disappointing results that led to a sell-off of the stock. CEO Max Levchin noted in a letter to shareholders that the company saw a slowdown in certain discretionary consumer spending categories, which is part of the reason gross merchandise volume (GMV) at the company came in lighter than expected. Affirm eventually wants to be able to capture this spending, which is why the company is making a big bet on its Debit+ card.
Consumer finance companies have been ravished by the rapidly rising interest rate environment, and the trend showed no signs of letting up for the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM). Affirm also provided guidance for its full fiscal year of 2023, which also came in below analyst estimates.
Affirm CEO Max Levchin joins Yahoo Finance Live’s Rachelle Akuffo and Brian Sozzi to discuss company earnings, competition in the buy now, pay later space, the pullback in consumer spending, managing credit, investor sentiment, worker layoffs, and the outlook for Affirm.
Robinhood (NASDAQ: HOOD) and Affirm (NASDAQ: AFRM) were both once considered disruptive fintech companies. Robinhood attracted millions of retail investors with its commission-free trades for stocks, options, and cryptocurrencies, while Affirm challenged credit card companies with its buy now, pay later (BNPL) services, which split up larger purchases. Robinhood's stock closed at an all-time high of $70.39 in Aug. 2021, but it now trades at about $10.
During the first two years of the pandemic, when demand for everything was soaring, stimulus cash was bolstering household budgets, and interest rates were near zero, buy now, pay later company Affirm (NASDAQ: AFRM) never turned much of a profit. The company ended the quarter with 243,000 merchants in the network, up from 168,000 one year prior. Revenue less transaction costs (RLTC) tumbled 21% year over year as the company generated less revenue from its network of merchants than expected.
Yahoo Finance Live examines Affirm shares after reporting an earnings miss and receiving a downgrade from analysts.