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Followed 104 TimesTop Followed

SoFi Technologies Stock Price, News & Analysis (NASDAQ:SOFI)

$8.02
+0.19 (+2.43%)
(As of 10:10 AM ET)
Compare
Today's Range
$7.65
▼
$8.25
50-Day Range
$6.62
▼
$8.59
52-Week Range
$4.24
▼
$11.70
Volume
14.88 million shs
Average Volume
40.52 million shs
Market Capitalization
$7.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.78
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
12.1% Upside
$8.78 Price Target
Short Interest
Bearish
14.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of SoFi Technologies in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.24 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.06 Per Share

Overall MarketRank™

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

1.73 out of 5 stars

Business Services Sector

230th out of 313 stocks

Nondepository Credit Institutions Industry

29th out of 46 stocks

See Top Rated MarketRank™ Stocks Here

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

November 14, 2023 | marketbeat.com
SoFi's financial landscape: Insider moves, and valuation puzzles
SoFi Technologies navigates a complex financial landscape marked by insider moves, and valuation challenges amidst strong growth and diversified revenue stream.
November 13, 2023 | marketbeat.com
SoFi earnings knocks it out of the park, buying opportunity?
Fintech provider SoFi Technologies Inc. (NASDAQ: SOFI) knocked the ball out of the stadium with its Q3 2023 earnings report.
December 4, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
December 4, 2023 | finance.yahoo.com
BestGrowthStocks.Com Issues Comprehensive Analysis and Growth Prospects for Sofi Technologies Inc.
December 2, 2023 | americanbankingnews.com
Traders Buy Large Volume of Call Options on SoFi Technologies (NASDAQ:SOFI)
December 1, 2023 | americanbankingnews.com
SoFi Technologies, Inc. (NASDAQ:SOFI) Given Average Recommendation of "Hold" by Analysts
November 30, 2023 | finance.yahoo.com
SoFi Is Quitting Crypto. All Your Questions, Answered
November 30, 2023 | theglobeandmail.com
Fintech Firm SoFi Technologies To Shutdown Crypto Business
December 4, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
November 29, 2023 | finance.yahoo.com
SoFi Shuts Crypto Services. Here's What Customers Need To Know.
November 29, 2023 | finance.yahoo.com
SoFi is getting out of crypto. Customers have 3 weeks to move their accounts to Blockchain.com—or possibly face a big tax bill
November 29, 2023 | finance.yahoo.com
SoFi exits crypto business
November 29, 2023 | msn.com
SoFi Is Exiting Crypto With Banking Regulators Stepping Up Scrutiny
November 29, 2023 | seekingalpha.com
SoFi Technologies: Emerging From Unprofitability
November 27, 2023 | msn.com
Cramer's Lightning Round: 'I remain a buyer' of SoFi
November 27, 2023 | msn.com
SoFi Stadium is NFL’s ‘bougiest,’ study finds
November 27, 2023 | seekingalpha.com
Holding Steady: Evaluating SoFi Technologies Amidst Financial Shifts And Market Dynamics
November 27, 2023 | finance.yahoo.com
2 Growth Stocks Billionaires Are Buying Hand Over Fist
November 27, 2023 | finance.yahoo.com
Bull Market and Beyond: 2 Stocks Just Waiting to Soar
November 25, 2023 | finance.yahoo.com
1 Unstoppable Stock Down 73% to Buy Hand Over Fist Before It Skyrockets
November 25, 2023 | americanbankingnews.com
SoFi Technologies (NASDAQ:SOFI) Given New $11.00 Price Target at Citigroup
November 24, 2023 | realmoney.thestreet.com
SoFi Technologies price target lowered to $11 from $12 at Citi
November 24, 2023 | nasdaq.com
SoFi Stock (NASDAQ:SOFI) Attracts Two Price Target Cuts
November 22, 2023 | finance.yahoo.com
SoFi Technologies Inc CEO Anthony Noto Bolsters Confidence with Substantial Insider Purchase
November 22, 2023 | msn.com
SoFi's Stock Outlook: Navigating Growth, Profitability, And Market Sentiment
November 20, 2023 | markets.businessinsider.com
Is SOFI Stock a Hidden Gem or Fool’s Gold? Here’s the Answer.
November 20, 2023 | msn.com
SoFi Stock Drops Amid Loan Valuation Debate
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024
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 Target
$8.78
High Stock Price Target
$15.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.45)
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
-20.31%
Pretax Margin
-19.92%
Return on Equity
-2.92%
Return on Assets
-0.64%

Debt

Debt-to-Equity Ratio
1.24
Current Ratio
1.52
Quick Ratio
0.23

Sales & Book Value

Annual Sales
$1.57 billion
Price / Sales
4.77
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.58 per share
Price / Book
1.40

Miscellaneous

Outstanding Shares
958,740,000
Free Float
932,857,000
Market Cap
$7.51 billion
Optionable
Not Optionable
Beta
1.69
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SOFI Stock Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 4 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?

16 Wall Street analysts have issued 1-year price objectives for SoFi Technologies' shares. Their SOFI share price targets range from $3.00 to $15.00. On average, they anticipate the company's share price to reach $8.78 in the next year. This suggests a possible upside of 12.1% 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 2023?

SoFi Technologies' stock was trading at $4.61 at the start of the year. Since then, SOFI shares have increased by 69.8% and is now trading at $7.83.
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 Monday, January 29th 2024.
View our SOFI earnings forecast.

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) posted its earnings results on Monday, October, 30th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. The business earned $564.20 million during the quarter, compared to analysts' expectations of $511.30 million. SoFi Technologies had a negative net margin of 20.31% and a negative trailing twelve-month return on equity of 2.92%. SoFi Technologies's quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS.

What ETFs hold SoFi Technologies' stock?

ETFs with the largest weight of SoFi Technologies (NASDAQ:SOFI) stock in their portfolio include Northern Lights Fund Trust IV - Long Cramer Tracker ETF (LJIM), iShares Future Cloud 5G and Tech ETF (IDAT), Roundhill MEME ETF (MEME), Schwab Crypto Thematic ETF (STCE), VanEck Social Sentiment ETF (BUZZ), Global X FinTech Thematic ETF (FINX), Invesco Dorsey Wright Financial Momentum ETF (PFI) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC).

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

SoFi Technologies issued an update on its FY 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.04 billion-$2.06 billion, compared to the consensus revenue estimate of $2.02 billion.

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.93%), Charles Schwab Investment Management Inc. (0.56%), Northern Trust Corp (0.46%), Nomura Holdings Inc. (0.00%), Bank of New York Mellon Corp (0.30%) and FMR LLC (0.24%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SOFI) was last updated on 12/4/2023 by MarketBeat.com Staff

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