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SoFi Technologies (SOFI) Stock Price, News & Analysis

$7.08
-0.11 (-1.53%)
(As of 05/21/2024 ET)
Today's Range
$7.05
$7.20
50-Day Range
$6.78
$7.89
52-Week Range
$4.92
$11.70
Volume
24.34 million shs
Average Volume
52.16 million shs
Market Capitalization
$7.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.08

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
28.3% Upside
$9.08 Price Target
Short Interest
Bearish
18.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of SoFi Technologies in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$389,972 Sold Last Quarter
Proj. Earnings Growth
200.00%
From $0.08 to $0.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.53 out of 5 stars

Business Services Sector

101st out of 293 stocks

Nondepository Credit Institutions Industry

10th out of 47 stocks

SOFI stock logo

About SoFi Technologies Stock (NASDAQ:SOFI)

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.

SOFI Stock Price History

SOFI Stock News Headlines

Grab Holdings: It’s Time to Snatch Up Shares While They’re Cheap (SOFI)
Grab Holdings is a penny stock, but its recent performance and guidance show investors that it may be too cheap to pass up
Squarespace’s Buyout Signals a Recovering Financial Market (SOFI)
Private equity firm Permira's offer to acquire Squarespace in a $6.9 billion all-cash deal indicates a recovering financial market.
3 Tripe-Digit Growth Mid Cap Stocks to Watch This Quarter
The U.S. stock market could now be at a pivotal point, which some may call a top. After potentially pricing in the proposed Federal Reserve's (the Fed's) interest rate cuts, the broader market indexes could be set up for a major disappointment.
3 Tripe-Digit Growth Mid Cap Stocks to Watch This Quarter (SOFI)
Three stocks in the mid cap group offer investors up to triple-digit EPS growth to help portfolios escape the negative effects of stagflation in the economy
MarketBeat Week in Review – 4/29 - 5/3 (SOFI)
Apple, Amgen, and a weak jobs report helped move the market higher as investors temporarily looked past the possibility of no interest rate cuts in 2024
What Bulls and Bears May Be Getting Wrong about SOFI Stock
SoFi Technologies Inc. NASDAQ: SOFI posted solid first quarter numbers and raised its full-year 2024 guidance. But you wouldn't know that by looking at SOFI stock.
What Bulls and Bears May Be Getting Wrong about SOFI Stock
SOFI stock is down nearly 8% in early trading despite a solid earnings report; investors are still trying to get clarity on this polarizing stock
Tesla, Domino's Pizza rise; AMC Entertainment, SoFi Technologies fall, Monday, 4/29/2024
Stocks that are trading heavily or have substantial price changes on Monday: Tesla, Domino’s Pizza rise; AMC Entertainment, SoFi Technologies fall
3 Cheap Stocks That Shouldn’t Be So (SOFI)
Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.
Why Is Everyone Talking About SoFi Stock?
Stock Market Mayhem: 3 Companies Ready to Shake Things Up
What's Going On With SoFi Stock?
SoFi Technologies (NASDAQ:SOFI) Shares Up 3.2%
SoFi Technologies Inc Ordinary Shares SOFI
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/21/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:SOFI
Fax
N/A
Employees
4,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.08
High Stock Price Target
$14.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+28.3%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
19 Analysts

Profitability

Net Income
$-300,740,000.00
Pretax Margin
-7.44%

Debt

Sales & Book Value

Annual Sales
$2.22 billion
Cash Flow
$0.39 per share
Book Value
$5.36 per share

Miscellaneous

Outstanding Shares
1,057,223,000
Free Float
1,029,735,000
Market Cap
$7.49 billion
Optionable
Optionable
Beta
1.75
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SOFI Stock Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 3 sell ratings, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

19 Wall Street analysts have issued 1-year price targets for SoFi Technologies' shares. Their SOFI share price targets range from $3.00 to $14.00. On average, they expect the company's share price to reach $9.08 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
View analysts price targets for SOFI
or view top-rated stocks among Wall Street analysts.

How have SOFI shares performed in 2024?

SoFi Technologies' stock was trading at $9.95 at the beginning of 2024. Since then, SOFI shares have decreased by 28.8% and is now trading at $7.08.
View the best growth stocks for 2024 here
.

When is SoFi Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our SOFI earnings forecast
.

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) posted its quarterly earnings results on Monday, April, 29th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business earned $580.60 million during the quarter, compared to the consensus estimate of $555.27 million. SoFi Technologies had a negative net margin of 8.21% and a positive trailing twelve-month return on equity of 1.10%. The company's revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS.

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

SoFi Technologies updated its FY 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.48%), Sumitomo Mitsui Trust Holdings Inc. (1.10%), Nikko Asset Management Americas Inc. (1.10%), Shaolin Capital Management LLC (0.00%), Simplex Trading LLC (0.00%) and Jane Street Group LLC (0.00%). Insiders that own company stock include Aaron Webster, Ahmed Ali Al-Hammadi, Anthony Noto, Chad M Borton, Christopher Lapointe, George Thompson Hutton, Group Corp Softbank, Harvey M Schwartz, Iv (Gp) LLC Slta, Jeremy Rishel, Micah Heavener, Michelle Gill, Robert S Lavet, Thomas Clayton Wilkes and Webb Lauren Stafford.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SOFI) was last updated on 5/21/2024 by MarketBeat.com Staff

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