Listen to this article. IPO Stock Rundown: Affirm, Coinbase, Dream Finders Homes, and HomePoint Capital Here's a roundup of some current and future IPOs that have caught our attention. Gross merchandise value (GMV) rose 626% over the last three years to $4.6 billion in fiscal 2020. Affirm IPO: 6 Big Things for Affirm Stock Investors to Know ... (NASDAQ: PYPL) co-founder. Affirm, Motorsport Games Show the Stock Market's IPO Process Is Still Broken First-day jumps show that either ordinary investors are paying too … 10 stocks we like better than Affirm Holdings, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Free forex prices, toplists, indices and lots more. The stock traded as low as $108.00 and last traded at $112.70. QQQ 331.36. The Affirm IPO will list on the Nasdaq under the ticker AFRM. In what could be 2021’s inaugural big listing debut, fintech Affirm (NASDAQ:AFRM) is set to begin trading this morning after pricing its … Affirm has over 6.2 million consumers making 17.3 million transactions on the platform so far. And Matthew O'Neill at Goldman Sachs is encouraged by improving loan-loss rates. DOW 31,148.24. Unlike credit card loans, the interest on this type of loan never compounds. The brainchild of Paypal co-founder Max Levchin, Affirm seeks to challenge the dominance of traditional consumer credit players by providing "honest" financial products. Affirm Holdings stock price prediction is an act of determining the future value of Affirm Holdings shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. Affirm Holdings, Inc. (NASDAQ: AFRM), a more flexible and transparent alternative to credit cards, today announced it will host a conference call and webcast to … Affirm also has exposure to credit risk. Affirm is in a sweet spot. Market data powered by FactSet and Web Financial Group. The stock price for . Shares of Affirm Holdings (NASDAQ: AFRM) have jumped today, up by 11% as of 12:10 p.m. EST, after getting a slew of coverage initiations by Wall Street analysts. Here's What Investors Should Know msn.com - January 30 at 5:31 PM: Affirm's Stock Price More Than Doubled Post IPO. Shares of Affirm, an online payments company, began trading on the Nasdaq. As long as Affirm sticks to its mission of "building honest financial products," the company has a bright future. As a newly listed company, Affirm's yet to show it can sustain its operating performance over time. The Goldman Sachs Group’s price target would indicate a potential downside of 8.17% from the company’s previous close. The company is poised to ride multiple megatrends: the growth of e-commerce, the boom in BNPL payments, and the emergence of Gen Z and millennial consumers. (AFRM) Nasdaq Listed. View AFRM's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. Copy and paste multiple symbols separated by commas. Moreover, they can use Affirm's data to make targeted marketing decisions, which drive better sales conversion. Truist’s price objective would suggest a potential upside of 54.66% from the stock’s previous close. In midday trading, Affirm’s stock had risen by more than 100%, changing hands at $99.17 per share. Shares of Affirm Holdings Inc, founded by PayPal Holdings Inc’s co-founder Max Levchin, doubled in their Nasdaq debut on Wednesday, valuing the U.S. provider of installment loans to online shoppers at over $22 billion. For consumers, Affirm is a way to split purchases into installments -- something described as "buy now, pay later" or BNPL for short. Affirm (AFRM) stock price, charts, trades & the US's most popular discussion forums. So far, it's managed this effectively, with loan charge-offs falling from around 4% in 2018 to less than 1.5% in 2020. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Investors have jumped along for the ride, valuing Affirm at a ridiculously high 55 times fiscal 2020 revenue. Affirm filed with the Securities and Exchange Commission to list on the Nasdaq under the ticker symbol "AFRM." That is reflective of a key benefit Affirm delivers to merchants: By making products more affordable via BNPL, Affirm helps merchants grow their sales. Being publicly traded is helpful in that regard,” Levchin said in a telephone interview. Yes! Affirm promises customers clear and transparent information on how much they will spend, and when exactly to pay. Affirm is on the right track thanks to buy-in from consumers and merchants. Affirm Holdings) hit the public markets on Wednesday, ... (NASDAQ: DASH) stock is "more than fully valued" according to a top analyst. It’s full of helpful tips and research from our investing experts. But if Affirm makes the wrong underwriting decisions, or if COVID-19 slams economic growth, the company faces the prospect of higher loan losses. "Buy now, pay later" pioneer Affirm (NASDAQ:AFRM) was probably right to list now, and not later. Similarly, Worldpay -- a unit of payments processor FIS -- says "buy now pay later" is the fastest-growing e-commerce payment method globally. Motley Fool Returns Stock Advisor S&P 500 Real-time trade and investing ideas on Affirm AFRM from the largest community of traders and investors. Revenue for the quarter ended Sep. 30 was $174 million, almost doubled from a year ago. For one, if Affirm fails to keep up with its many competitors, growth might take a big hit. Affirm Holdings, Inc. Class A Common Stock. Affirm also collects fixed interest payments from consumers who've bought something using a simple interest loan. Max Levchin's Affirm sees stock nearly double in Nasdaq debut Back to video “We have gotten to the point of the journey where we’re on the precipice of becoming a known brand among both the investor community, and consumers and merchants. Several other research analysts have also recently […] As an early mover in this industry, Affirm has benefited from these secular trends. The Latest: AP: Federal executions likely superspreader. And judging from Affirm's post-IPO surge, Mr. Market is also screaming "sign me up!". RBC Capital: Outperform rating, price target of $130. The ratings range from neutral to buy, with no bearish calls. These symbols will be available throughout the site during your session. It's important to note that that Peloton Interactive (NASDAQ:PTON) is Affirm's biggest customer, representing 30% of its revenue in the most recent quarter. Affirm serves two groups of customers: consumers and merchants. S&P 500 3,886.83. Affirm stock indicated to open around $90, or 84% above $49 IPO price Jan. 13, 2021 at 10:45 a.m. Considering Snowflake trades at over 100 times projected 2021 revenue, Affirm is not the most expensive tech stock out there. ET First Published: Jan. 13, 2021 at 12:27 p.m. And within the BNPL space, Affirm is far from the market leader. ET Max Levchin's Affirm sees stock double in Nasdaq debut. Timothy Chiodo at Credit Suisse suggests that the fintech has a lot of optionality but he remains cautiously optimistic. Affirm Holdings (NASDAQ: AFRM) is $103.45 last updated Fri Feb 05 2021 21:00:01 GMT+0000 (Coordinated Universal Time). Affirm Stock affirm.com | FinTech | Founded: 2012 | Funding to Date: $763,330,426 Developer of an online alternative lending platform designed to provide an alternative to traditional credit cards. Rooms Shows Rankings Earnings Calendar Shop. Revenue jumped 93% year on year in fiscal 2020, and will likely grow multifold as BNPL and e-commerce penetration rises. Affirm Holdings, Inc. Class A Common Stock (AFRM) Real-time Stock Quotes - Nasdaq offers real-time quotes & market activity data for US and global markets. Merchant fees and interest income accounted for 50% and 37%, respectively, of Affirm's revenue of $509 million in fiscal 2020. The deal is expected to close on Tuesday, January 12 and the company’s stock will trade on the Nasdaq under the ticker symbol “AFRM” on Wednesday, January 13. The firm set a “buy” rating and a $160.00 price target on the stock. Companies in the sector of "computer and technology" are considered alternatives and competitors to Affirm, including Snap (SNAP), Applied Materials (AMAT), Baidu (BIDU), Micron Technology (MU), Snowflake (SNOW), and … rk_maxlevchin_140121.jpg, by rkhairil. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Merchants can also sell their products on Affirm's e-commerce marketplace, which provides a new channel for customer acquisition and sales. Affirm stock rockets more than 90% after IPO Affirm Holdings Inc. shares are surging in midday trading Wednesday after the financial-technology company made its public debut. Simple interest loans are loans with fixed amounts of interest that customers can view and agree to upfront. Stock Advisor launched in February of 2002. Cancel. Affirm… It's the third most popular BNPL service behind Afterpay and Paypal's Bill Me Later, and rival Klarna isn't too far off. Find the latest Affirm Holdings, Inc. (AFRM) stock quote, history, news and other vital information to help you with your stock trading and investing. Affirm has been growing rapidly, which is why its stock may be a hot investment when it hits the Nasdaq. Affirm's Stock Price More Than Doubled Post IPO. Shares of Affirm Holdings, founded by PayPal Holdings' co-founder Max Levchin, almost doubled in their Nasdaq debut on Wednesday, valuing the US provider of installment loans to online shoppers at over US$23 … Trending now. In midday trading, Affirm’s stock had risen by more than 100%, changing hands at $99.17 per share. Company profile page for Affirm Inc including stock price, company news, press releases, executives, board members, and contact information SNAP, AMAT, BIDU, MU, SNOW, and NTES. (NASDAQ: AFRM) Affirm Holdings currently has 242,746,771 outstanding shares. On one end, Affirm is locking horns with well-established financial services providers (such as banks) that provide credit and debit card services. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. At the end of the trading day, the stock’s price was $108.97, reflecting an intraday gain of 2.6% or $2.76. The Goldman Sachs Group started coverage on shares of Affirm (NASDAQ:AFRM) in a research note issued to investors on Monday, Briefing.com reports. 3 -min read. With Affirm, shoppers can choose to pay a 0% APR -- provided the merchant offers this option -- or "simple interest" loans. With Affirm Holdings stock trading at $119.95 per share, the total value of Affirm Holdings stock (market capitalization) is $29.12B. Q When is the next Affirm Holdings (AFRM) dividend? The lead underwriters … But moving forward, Affirm has to execute perfectly to justify its current valuation. 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