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Followed 123 TimesTop FollowedLowest-Rated StocksLowest-Rated
NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Forecast, Price & News

$7.60
+0.20 (+2.70%)
(As of 09/27/2023 ET)
Compare
Today's Range
$7.39
▼
$7.66
50-Day Range
$7.40
▼
$11.45
52-Week Range
$4.24
▼
$11.70
Volume
28.14 million shs
Average Volume
41.55 million shs
Market Capitalization
$7.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.17
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

SoFi Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
20.6% Upside
$9.17 Price Target
Short Interest
Healthy
11.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.80mentions of SoFi Technologies in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$475,364 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.20) 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.

1.80 out of 5 stars

Business Services Sector

249th out of 322 stocks

Nondepository Credit Institutions Industry

31st out of 45 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.

SOFI Price History

SOFI Stock News Headlines

August 30, 2023 | marketbeat.com
5 Best Fintech Banks to Invest in Now
Online banks combine finance and technology. Should you invest in these digital assets? Learn more about the best fintech banks to invest in now.
September 25, 2023 | msn.com
Why Did SoFi Stock Drop 20% Last Week?
September 27, 2023 | Behind the Markets (Ad)
New Breakthrough "Living Software" Has Been…
New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>
September 25, 2023 | msn.com
SoFi Stock (NASDAQ:SOFI): Will It Plunge or Double from Here?
September 25, 2023 | markets.businessinsider.com
There’s an Opportunity Brewing in SoFi Stock, Says Analyst
September 24, 2023 | americanbankingnews.com
SoFi Technologies (NASDAQ:SOFI) Trading Down 3.4%
September 22, 2023 | finance.yahoo.com
A bizarre feud may pull the 2026 World Cup out of Los Angeles
September 22, 2023 | investorplace.com
Jim Cramer Is Pounding the Table on SOFI Stock
September 27, 2023 | Behind the Markets (Ad)
New Breakthrough "Living Software" Has Been…
New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>
September 22, 2023 | msn.com
SoFi: Why I'm Buying Here
September 22, 2023 | finance.yahoo.com
All Generations Agree — These Are America’s Top 3 Retirement Savings Worries
September 22, 2023 | msn.com
Lucid, Amazon, Teladoc, SoFi, Tesla: Why These 5 Stocks Are On Investors' Radars Today
September 21, 2023 | benzinga.com
Why SoFi Technologies Stock Is Falling
September 21, 2023 | seekingalpha.com
SoFi: Set To Breakout
September 21, 2023 | finance.yahoo.com
The Zacks Analyst Blog Highlights WGMI, FNGS, TSLY, SFYF and FBCG
September 19, 2023 | msn.com
SoFi Stock: Buy, Sell, or Hold?
September 18, 2023 | seekingalpha.com
SoFi: Road To Top 10
September 17, 2023 | americanbankingnews.com
SoFi Technologies, Inc. (NASDAQ:SOFI) Given Consensus Recommendation of "Hold" by Analysts
September 16, 2023 | finance.yahoo.com
SoFi's Gaining on the Big Banks. Is the Stock a Buy Now?
September 15, 2023 | finance.yahoo.com
Nearly a Quarter Will Depend on Family Help to Afford Retirement
September 13, 2023 | msn.com
SoFi CEO talks second-quarter growth and 'stealing share' from big banks
September 13, 2023 | msn.com
Will SoFi Technologies (SOFI) Pass Its IPO Underwriter Test? Here’s What Options Traders Say.
September 13, 2023 | finance.yahoo.com
SoFi Is Allowing Active Investing Customers to Buy the Instacart IPO. Here's What You Should Know First
September 13, 2023 | finance.yahoo.com
Instacart Is Going Public. Why That Means You Should Buy SoFi Stock
September 11, 2023 | finance.yahoo.com
SoFi’s Full-Service Ambitions Face Key Test With Instacart IPO
September 11, 2023 | finance.yahoo.com
SoFi’s Full-Service Ambitions Face Key Test in Instacart IPO
September 8, 2023 | msn.com
SoFi Technologies: Anthony Noto's Fireside Chat At The Goldman Sachs Conference Confirms Positive Speculations
See More Headlines
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SOFI Company Calendar

Last Earnings
7/31/2023
Today
9/27/2023
Next Earnings (Estimated)
11/07/2023
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
$9.17
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+22.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.25)
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
-10.38%
Pretax Margin
-10.51%
Return on Equity
-3.76%
Return on Assets
-0.95%

Debt

Debt-to-Equity Ratio
1.23
Current Ratio
1.65
Quick Ratio
0.29

Sales & Book Value

Annual Sales
$1.57 billion
Price / Sales
4.52
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$5.58 per share
Price / Book
1.34

Miscellaneous

Outstanding Shares
950,110,000
Free Float
924,461,000
Market Cap
$7.12 billion
Optionable
Not Optionable
Beta
1.88
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Get This Free Report

Key Executives

  • Mr. George Thompson HuttonMr. George Thompson Hutton (Age 67)
    Independent Non Exec. Chairman
    Comp: $135k
  • Mr. Anthony J. NotoMr. Anthony J. Noto (Age 54)
    CEO & Director
    Comp: $3.49M
  • Mr. Christopher LapointeMr. Christopher Lapointe (Age 38)
    Chief Financial Officer
    Comp: $1.26M
  • Mr. Jeremy RishelMr. Jeremy Rishel (Age 50)
    Chief Technology Officer
    Comp: $2.61M
  • Mr. Aaron J. WebsterMr. Aaron J. Webster (Age 43)
    Chief Risk Officer and Global Head of Operations & LatAm
    Comp: $1.26M
  • Mr. Chad M. BortonMr. Chad M. Borton (Age 52)
    EVP, Group Bus. Unit Leader of Lending & Pres of SoFi Bank
    Comp: $1.1M
  • Mr. Robert Steven Lavet (Age 74)
    Gen. Counsel & Sec.
  • Ms. Lauren Stafford Webb (Age 37)
    Chief Marketing Officer
  • Mr. William F. Tanona (Age 50)
    Sr. VP of Corp. Devel. & Strategic Partnerships
  • Ms. Anna Avalos
    Chief People Officer

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?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 4 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

15 brokers have issued 1-year price objectives for SoFi Technologies' stock. Their SOFI share price forecasts range from $3.00 to $16.00. On average, they anticipate the company's stock price to reach $9.17 in the next twelve months. This suggests a possible upside of 22.4% 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 beginning of the year. Since then, SOFI stock has increased by 62.5% and is now trading at $7.49.
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, November 7th 2023.
View our SOFI earnings forecast.

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) announced its quarterly earnings results on Monday, July, 31st. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $488.80 million for the quarter, compared to analyst estimates of $473.94 million. SoFi Technologies had a negative net margin of 10.38% and a negative trailing twelve-month return on equity of 3.76%. The company's quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS.

What ETFs hold SoFi Technologies' stock?

ETFs with the largest weight of SoFi Technologies (NASDAQ:SOFI) stock in their portfolio include Long Cramer 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 updated its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.97 billion-$2.03 billion, compared to the consensus revenue estimate of $2.00 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.05%), State Street Corp (1.45%), Geode Capital Management LLC (1.37%), Citadel Advisors LLC (0.00%), Goldman Sachs Group Inc. (0.00%) and Charles Schwab Investment Management Inc. (0.49%). 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.

What is SoFi Technologies' stock price today?

One share of SOFI stock can currently be purchased for approximately $7.49.

How much money does SoFi Technologies make?

SoFi Technologies (NASDAQ:SOFI) has a market capitalization of $7.12 billion and generates $1.57 billion in revenue each year. The company earns $-320,410,000.00 in net income (profit) each year or ($0.25) 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 9/27/2023 by MarketBeat.com Staff

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