Affirm(AFRM)
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Here is What to Know Beyond Why Affirm Holdings, Inc. (AFRM) is a Trending Stock
ZACKS· 2024-06-10 14:05
Affirm Holdings (AFRM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this operator of digital commerce platform have returned -4.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Business - Services industry, which Affirm Holdings falls in, has lost 2.6%. The key question now is: What could be ...
Affirm (AFRM) Expands BNPL Offerings With New Payment Options
ZACKS· 2024-06-07 18:45
Affirm Holdings, Inc. (AFRM) recently announced two new payment options, Pay in 2 and Pay in 30, enhancing its payment solutions portfolio. The move from the buy now, pay later (BNPL) solution provider is expected to give consumers more flexibility during payments.Affirm’s Head of Product, Vishal Kapoor, said that 80% of the domestic market’s e-commerce transactions are for purchases below $150. Providing the new payment options will enable the company to better meet consumers’ individual preferences accord ...
Here's Why Affirm Holdings (AFRM) Stock is a Great Pick Now
ZACKS· 2024-06-06 16:51
Affirm Holdings, Inc. (AFRM) is a digital and mobile-first commerce platform operator that has performed extremely well over the past year and has the potential to sustain momentum in the near term. Consequently, if you haven’t taken advantage of the share price appreciation yet, it’s time you add the stock to your portfolio.What Makes AFRM an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the year. Shares of AFRM have returned 9 ...
Affirm (AFRM) and Alterra Expand Partnership for Wider Reach
ZACKS· 2024-06-06 15:36
Affirm Holdings, Inc. (AFRM) recently announced an expansion of its partnership with Alterra Mountain Company. This deal will enable Affirm to access all destinations of Alterra in the United States and Canada. The partnership allows the company to provide flexible and transparent payment options, like buy now pay later, to customers looking to book Ikon and mountain passes, lessons and lodging at Alterra’s destinations. Hence, this would boost Affirm’s transaction volumes.AFRM’s business model of not charg ...
Affirm Debuts Two New BNPL Options
PYMNTS.com· 2024-06-06 12:00
Buy now, pay later (BNPL) provider Affirm has launched two new payment options.The company on Thursday (June 6) announced the debt of Pay in 2 and Pay in 30, designed to offer customers more flexibility and affordability.As the name suggests, the new offerings let consumers split the cost of their purchase into two interest-free payments each month, or to pay in full interest-free within 30 days of their purchase. It joins Affirm’s Pay in 4 and monthly installment plans.“Roughly 80% of e-commerce transactio ...
3 Business Services Stocks to Consider Amid Industry Woes
ZACKS· 2024-06-05 19:41
The Business - Services space is a major beneficiary of the broader economy and manufacturing and non-manufacturing (service) activities. While service activities are currently in good shape, their positive impacts on the industry are being partially offset by contracting economic activity in the manufacturing sector.Prudent growth strategies, innovation and technology enhancements are helping Affirm Holdings, Inc. (AFRM) , Mitie Group plc (MITFY) and SPAR Group (SGRP) to sail through challenges.About the I ...
Why You Should Add Affirm (AFRM) Stock to Your Portfolio Now
ZACKS· 2024-06-04 17:26
Affirm Holdings, Inc. (AFRM) is well poised for growth with strong Gross Merchandise Volume (“GMV”) growth potential, an expanding buy now, pay later (BNPL) landscape and rising active merchant numbers. Additionally, its growing transaction volumes and interest income present a compelling investment opportunity.Affirm — with a market cap of almost $9.1 billion — is a platform for digital and mobile-first commerce that offers financial products. Now, let’s take a look at its recent price performance to gauge ...
Affirm (AFRM) & FlightHub Partner to Expand Payment Options
zacks.com· 2024-05-24 17:25
Affirm Holdings, Inc. (AFRM) recently announced its collaboration with a Canadian travel agency — FlightHub. The deal enables Affirm to provide flexible and transparent payment options, like buy now pay later (BNPL), to eligible consumers for travel bookings, which will boost its transaction volumes.AFRM’s business model of not charging any late or hidden charges further enhances its offerings. This partnership is an extension of AFRM’s existing partnership with FlightHub in the United States.The deal comes ...
CFPB says buy now, pay later firms must comply with U.S. credit card laws
cnbc.com· 2024-05-22 11:00
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry must abide by the same federal protections as users of credit cards.The agency unveiled what it called an "interpretive rule" that deemed BNPL lenders essentially the same as traditional credit card providers under the decades-old Truth in Lending Act.That means the indust ...
Is Affirm Stock a Buy?
fool.com· 2024-05-22 09:35
This volatile fintech stock is trading at a discount to its IPO price.Affirm (AFRM -2.27%) attracted a stampede of bulls when it went public on Jan. 13, 2021. The buy now, pay later (BNPL) services provider priced its IPO at $49, and its shares soared to an all-time high of $168.52 on Nov. 4, 2021.At the time, investors were dazzled by Affirm's explosive growth rates and its disruptive potential. By breaking up larger purchases into smaller installments through microloans, Affirm's BNPL platform was an appe ...