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Followed 120 TimesTop Followed
NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Forecast, Price & News

$7.65
+0.40 (+5.52%)
(As of 06/6/2023 ET)
Compare
Today's Range
$7.14
▼
$7.76
50-Day Range
$4.76
▼
$7.65
52-Week Range
$4.24
▼
$8.52
Volume
56.68 million shs
Average Volume
40.85 million shs
Market Capitalization
$7.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.14
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

SoFi Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
6.7% Downside
$7.14 Price Target
Short Interest
Bearish
13.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of SoFi Technologies in the last 14 days
Based on 42 Articles This Week
Insider Trading
Acquiring Shares
$1.74 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.18) to ($0.03) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.28 out of 5 stars

Business Services Sector

304th out of 323 stocks

Nondepository Credit Institutions Industry

37th out of 41 stocks

See Top Rated MarketRank™ Stocks Here

SOFI stock logo

About SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. , short for Social Finance, is an internet-based financial institution headquartered in San Francisco, California. The founder's intent was to create a more affordable means for students to use debt to finance their educations. The founders, including Mike Cagney, are all Stanford alumni and leveraged their college connections to get the business going.

SoFi Technologies was founded in 2011 and launched with an initial investment of roughly $200 million, provided by Stanford alums. By 2012 the company had raised another $77.2 million; by 2013 more than $500 million in equity, debt and credit financing was available for lending. At the end of 2013, the company had serviced more than 2,500 students and the figure is still growing.

Once launched, the company continued to grow and to expand both the institutions it served and the services it had to offer. By 2015 the company was offering personal loans on top of student loans and by 2016 it had received the 1st ever AAA rating given by Moody’s to a digital financial institution. The company will continue to grow until 2020 when it went public via SPAC merger. The merger valued the company at over $9 billion and the growth is not yet over

In 2022 Sofi Technologies received a national bank charter when it purchased Golden Pacific Bancorp. The move allows the company to hold its own loans rather than selling them to outside investors as it had done in the past. Today, SoFi Technologies operates as a digital banking institution with three primary segments. These are Lending, Technology Platforms and Financial Services. Consumers are able to access the platforms via mobile and desktop.

The Lending and Financial Services segments provide a range of traditional banking and lending services. These include deposit accounts and investment services along with student loans, personal loans, and mortgages. Among the many offerings are credit score monitoring, insurance products, and access to the cryptocurrency markets.

The Technology Platform segment provides technology platforms and services to businesses and institutions. Among the company’s technology platforms is Galileo, a payment processing service. This addition allows SoFi to process payments for merchants and consumers. SoFi Technologies also operates Apex, a clearing house service for investment and financial institutions, and Technisys, a cloud-based banking application.

As of 2022, the company had over 4 million active members and had paid out more than $35 million in rewards. SoFi Technologies has issued more than $73 billion in loans with roughly half that amount already repaid.

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SOFI Stock News Headlines

June 5, 2023 | marketbeat.com
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock (SOFI)
Cloud-based artificial intelligence (AI) lending platform Upstart Holdings Inc. (NASDAQ: UPST) stock has shot up over 125% in the last month, driven by the AI
June 3, 2023 | marketbeat.com
MarketBeat Week in Review – 5/29 - 6/2 (SOFI)
The markets ended the week with a sharp rally, but the S&P 500 is now near a key resistance level as investors wait for the Fed and upcoming inflation readings.
June 6, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
May 30, 2023 | marketbeat.com
Did SOFI Technologies Deserve a Price Target Cut to $2.50?
Despite robust results, Fintech personal finance company SoFi Technologies Inc. (NASDAQ: SOFI) stock has been losing credibility with investors
June 6, 2023 | finance.yahoo.com
Why SoFi Technologies Stock Rose 11.4% in May
June 6, 2023 | markets.businessinsider.com
Analysts’ Opinions Are Mixed on These Technology Stocks: Coinbase Global (COIN) and Erasca (ERAS)
June 5, 2023 | finance.yahoo.com
How Far Can SoFi Stock Rally? Chart Provides a Clue.
June 5, 2023 | finance.yahoo.com
Here's How SoFi Values Loans in Its Portfolio
June 6, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
June 5, 2023 | finance.yahoo.com
This Digital Banking Stock Has 42% Upside, According to Wall Street
June 4, 2023 | americanbankingnews.com
Research Analysts Offer Predictions for SoFi Technologies, Inc.'s Q3 2024 Earnings (NASDAQ:SOFI)
June 3, 2023 | americanbankingnews.com
SoFi Technologies (NASDAQ:SOFI) Shares Gap Down to $6.94
June 3, 2023 | finance.yahoo.com
Why SoFi Holds Instead of Selling Loans
June 2, 2023 | finance.yahoo.com
The Score: Nvidia, SoFi, Dollar General and More Stocks That Defined The Week
June 2, 2023 | finance.yahoo.com
What's Going On With SoFi Tech Stock Friday
June 2, 2023 | finance.yahoo.com
As Lenders Become Cautious, SoFi Is Gaining Market Share
June 2, 2023 | msn.com
Wedbush Maintains SoFi Technologies (SOFI) Underperform Recommendation
June 1, 2023 | markets.businessinsider.com
Analyst Ratings for SoFi Techs
June 1, 2023 | finance.yahoo.com
Why SoFi Stock Is Soaring This Week
June 1, 2023 | seekingalpha.com
SoFi Stock: The Momentum May Not Last Long
June 1, 2023 | benzinga.com
Here's Why SoFi Shares Are Moving
June 1, 2023 | finance.yahoo.com
SoFi Is Becoming a Major Player in the Personal Loan Industry
June 1, 2023 | finance.yahoo.com
Why Is SoFi Technologies Up 30% These Past Few Days?
May 31, 2023 | finance.yahoo.com
What Sparked This Insane Price Surge? SoFi Stock Rockets 15%
May 31, 2023 | markets.businessinsider.com
Wedbush Reaffirms Their Sell Rating on SoFi Technologies (SOFI)
May 31, 2023 | msn.com
SoFi’s stock surge continues as debt-ceiling deal brings ‘highly positive development’
May 31, 2023 | msn.com
Why did SoFi stock jump today? Debt ceiling bill to end student loan pause
See More Headlines

SOFI Price History

SOFI Company Calendar

Last Earnings
5/01/2023
Today
6/06/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NASDAQ:SOFI
CUSIP
N/A
CIK
1818874
Web
www.sofi.com
Phone
855-456-7634
Fax
N/A
Employees
4,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.14
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$2.50
Forecasted Upside/Downside
-6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.31)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-320,410,000.00
Net Margins
-13.72%
Pretax Margin
-13.76%
Return on Equity
-4.70%
Return on Assets
-1.40%

Debt

Debt-to-Equity Ratio
1.17
Current Ratio
1.80
Quick Ratio
0.31

Sales & Book Value

Annual Sales
$1.57 billion
Price / Sales
4.57
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.58 per share
Price / Book
1.37

Miscellaneous

Outstanding Shares
940,900,000
Free Float
915,492,000
Market Cap
$7.20 billion
Optionable
Not Optionable
Beta
1.65

Key Executives

  • Mr. George Thompson HuttonMr. George Thompson Hutton (Age 67)
    Independent Non Exec. Chairman
    Comp: $82.5k
  • Mr. Anthony J. NotoMr. Anthony J. Noto (Age 54)
    CEO & Director
    Comp: $1.81M
  • Mr. Christopher LapointeMr. Christopher Lapointe (Age 38)
    Chief Financial Officer
    Comp: $1M
  • Mr. Derek Jensen White (Age 50)
    CEO of Galileo Financial Technologies & Head of SoFi International
    Comp: $2.56M
  • Mr. Jeremy Rishel
    Chief Technology Officer
  • Mr. William F. Tanona (Age 50)
    Sr. VP of Corp. Devel. & Investor Relations
  • Mr. Robert Steven Lavet (Age 74)
    Gen. Counsel & Sec.
  • Ms. Lauren Stafford Webb (Age 37)
    Chief Marketing Officer
  • Ms. Anna Avalos
    Chief People Officer
  • Mr. Aaron J. WebsterMr. Aaron J. Webster (Age 43)
    Chief Risk Officer and Global Head of Operations & LatAm

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SOFI Stock - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SOFI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOFI, but not buy additional shares or sell existing shares.
View SOFI analyst ratings or view top-rated stocks.

What is SoFi Technologies' stock price forecast for 2023?

12 equities research analysts have issued 12-month price targets for SoFi Technologies' stock. Their SOFI share price forecasts range from $2.50 to $9.00. On average, they expect the company's stock price to reach $7.14 in the next twelve months. This suggests that the stock has a possible downside of 5.4%.
View analysts price targets for SOFI or view top-rated stocks among Wall Street analysts.

How have SOFI shares performed in 2023?

SoFi Technologies' stock was trading at $4.61 on January 1st, 2023. Since then, SOFI shares have increased by 63.6% and is now trading at $7.54.
View the best growth stocks for 2023 here.

When is SoFi Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SOFI earnings forecast.

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) announced its quarterly earnings data on Monday, May, 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $460.20 million for the quarter, compared to the consensus estimate of $436.78 million. SoFi Technologies had a negative trailing twelve-month return on equity of 4.70% and a negative net margin of 13.72%. The company's quarterly revenue was up 43.1% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share.

What ETFs hold SoFi Technologies' stock?

ETFs with the largest weight of SoFi Technologies (NASDAQ:SOFI) stock in their portfolio include Amplify Digital & Online Trading ETF (BIDS), Roundhill MEME ETF (MEME), iShares Future Cloud 5G and Tech ETF (IDAT), VanEck Social Sentiment ETF (BUZZ), Inverse Cramer Tracker ETF (SJIM), Global X FinTech Thematic ETF (FINX), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and AOT Growth & Innovation ETF (AOTG).

What guidance has SoFi Technologies issued on next quarter's earnings?

SoFi Technologies issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.96 billion-$2.02 billion, compared to the consensus revenue estimate of $1.99 billion.

What is SoFi Technologies' stock symbol?

SoFi Technologies trades on the NASDAQ under the ticker symbol "SOFI."

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.83%), State Street Corp (1.30%), Geode Capital Management LLC (1.29%), Susquehanna International Group LLP (0.00%), Charles Schwab Investment Management Inc. (0.48%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Aaron Webster, Ahmed Ali Al-Hammadi, Anthony Noto, Christopher Lapointe, George Thompson Hutton, Group Corp Softbank, Harvey M Schwartz, Iv (Gp) LLC Slta, Jeremy Rishel, Micah Heavener, Michelle Gill, Robert S Lavet and Thomas Clayton Wilkes.
View institutional ownership trends.

How do I buy shares of SoFi Technologies?

Shares of SOFI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SoFi Technologies' stock price today?

One share of SOFI stock can currently be purchased for approximately $7.54.

How much money does SoFi Technologies make?

SoFi Technologies (NASDAQ:SOFI) has a market capitalization of $7.09 billion and generates $1.57 billion in revenue each year. The company earns $-320,410,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis.

How many employees does SoFi Technologies have?

The company employs 4,200 workers across the globe.

How can I contact SoFi Technologies?

SoFi Technologies' mailing address is 317 UNIVERSITY AVE SUITE 200, PALO ALTO CA, 94301. The official website for the company is www.sofi.com. The company can be reached via phone at 855-456-7634 or via email at ir@sofi.com.

This page (NASDAQ:SOFI) was last updated on 6/6/2023 by MarketBeat.com Staff

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