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S&P 500   4,205.45
DOW   33,093.34
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10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
How to Invest in AI's Fast-Growing Market (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
How to Invest in AI's Fast-Growing Market (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
How to Invest in AI's Fast-Growing Market (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist

SoFi Technologies (SOFI) Stock Forecast, Price & News

$5.41
+0.20 (+3.84%)
(As of 05/26/2023 04:00 PM ET)
Compare
Today's Range
$5.22
$5.48
50-Day Range
$4.76
$6.23
52-Week Range
$4.24
$8.52
Volume
27.22 million shs
Average Volume
38.14 million shs
Market Capitalization
$5.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.14

SoFi Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
31.9% Upside
$7.14 Price Target
Short Interest
Bearish
13.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.48mentions of SoFi Technologies in the last 14 days
Based on 21 Articles This Week
Insider Trading
Acquiring Shares
$1.78 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.05 out of 5 stars

Business Services Sector

199th out of 346 stocks

Nondepository Credit Institutions Industry

24th out of 42 stocks


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

Is SoFi's Long-Term Strategy Right for Investors?
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
SoFi: Rising Above The Noise
What's Driving SoFi Bank's Deposit Growth?
3 Hot Stocks to Get Your Portfolio Ready for Summer
The Largest Ever Technology Wave Is Coming!
This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.
Why the Market Is Skeptical of SoFi Right Now
Best Stock to Buy: SoFi vs. Upstart
SoFi Stock: Bear vs. Bull
One Banking Stock to Buy and Hold Forever
SoFi Technologies, Inc. (SOFI)
See More Headlines
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SOFI Company Calendar

Last Earnings
5/01/2023
Today
5/29/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:SOFI
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
+31.9%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$-320,410,000.00
Pretax Margin
-13.76%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Book Value
$5.58 per share

Miscellaneous

Free Float
818,580,000
Market Cap
$5.09 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













SOFI Stock - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 6 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?

12 brokers have issued 12-month price targets for SoFi Technologies' shares. Their SOFI share price forecasts range from $2.50 to $9.00. On average, they anticipate the company's stock price to reach $7.14 in the next twelve months. This suggests a possible upside of 31.9% 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 on January 1st, 2023. Since then, SOFI shares have increased by 17.4% and is now trading at $5.41.
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 results on Monday, May, 1st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company earned $460.20 million during the quarter, compared to analysts' expectations of $436.78 million. SoFi Technologies had a negative net margin of 13.72% and a negative trailing twelve-month return on equity of 4.70%. The company's revenue was up 43.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share.

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

SoFi Technologies updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share 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 a variety of institutional and retail investors. Top institutional investors 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 $5.41.

How much money does SoFi Technologies make?

SoFi Technologies (NASDAQ:SOFI) has a market capitalization of $5.09 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 5/30/2023 by MarketBeat.com Staff

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