Should I buy or sell SoFi Technologies stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 2 sell ratings, 10 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 target for 2024?

16 brokers have issued 1-year price objectives for SoFi Technologies' stock. Their SOFI share price targets range from $3.00 to $15.00. On average, they anticipate the company's stock price to reach $8.78 in the next twelve months. This suggests a possible upside of 19.6% 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 59.2% and is now trading at $7.34. 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) announced its quarterly earnings results on Monday, October, 30th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.05. The company had revenue of $564.20 million for the quarter, compared to analyst estimates 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%. The company's quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the firm 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 updated its FY 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) 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 number 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 .

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

$7.34

+0.31 (+4.41%)

(As of 11/28/2023 ET)

Compare

Today's Range: $7.00
▼
$7.35
50-Day Range: $6.62
▼
$8.59
52-Week Range: $4.24
▼
$11.70

Volume: 35.99 million shs
Average Volume: 40.81 million shs
Market Capitalization: $7.04 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.78

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 19.6% Upside
$8.78 Price Target
Short Interest: Bearish
14.79% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.67
Based on 14 Articles This Week
Insider Trading: Selling Shares
$2.72 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.

1.74 out of 5 stars

Business Services Sector

233rd out of 314 stocks

Nondepository Credit Institutions Industry

30th out of 46 stocks

3.1

Analyst's Opinion

Consensus Rating
SoFi Technologies has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 4 buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.78, SoFi Technologies has a forecasted upside of 19.6% from its current price of $7.34.
Amount of Analyst Coverage
SoFi Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
14.79% of the float of SoFi Technologies has been sold short.
Short Interest Ratio / Days to Cover
SoFi Technologies has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in SoFi Technologies has recently increased by 11.50%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
SoFi Technologies does not currently pay a dividend.
Dividend Growth
SoFi Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SOFI.

2.6

News and Social Media Coverage

News Sentiment
SoFi Technologies has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for SoFi Technologies this week, compared to 16 articles on an average week.
Search Interest
296 people have searched for SOFI on MarketBeat in the last 30 days. This is an increase of 90% compared to the previous 30 days.
MarketBeat Follows
120 people have added SoFi Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SoFi Technologies insiders have sold 399.42% more of their company's stock than they have bought. Specifically, they have bought $544,586.00 in company stock and sold $2,719,778.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of SoFi Technologies is held by insiders.
Percentage Held by Institutions
Only 37.13% of the stock of SoFi Technologies is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for SoFi Technologies are expected to grow in the coming year, from ($0.15) to $0.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SoFi Technologies is -16.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SoFi Technologies is -16.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
SoFi Technologies has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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.

November 29, 2023 | Edge On The Street (Ad)

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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 29, 2023 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

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 23, 2023 | americanbankingnews.com

SoFi Technologies (NASDAQ:SOFI) Trading 4.6% Higher on Insider Buying Activity

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

November 20, 2023 | finance.yahoo.com

Inside the Loan Valuation Debate Roiling SoFi Stock

November 19, 2023 | americanbankingnews.com

SoFi Technologies (NASDAQ:SOFI) PT Lowered to $8.50 at Piper Sandler

November 18, 2023 | markets.businessinsider.com

Don’t Go Bargain Hunting on SoFi Stock, Says Wedbush

November 18, 2023 | finance.yahoo.com

Huge News for SoFi Stock Investors!

November 17, 2023 | markets.businessinsider.com

SoFi Technologies’ Financial Outlook Amid Lending Challenges and Strategic Shifts: An Analyst’s Perspective

November 17, 2023 | msn.com

TGL’s SoFi Center collapses will not affect start date despite damage

November 17, 2023 | finance.yahoo.com

Got $3,000 and 10 Years? These 3 Stocks Could Make You Rich

November 17, 2023 | msn.com

Video shows extensive damage to TGL's SoFi Center — and the league is supposed to debut in 53 days

November 16, 2023 | finance.yahoo.com

SOFI Dec 2023 7.000 call

See More Headlines

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Company Calendar

Last Earnings: 10/30/2023
Today: 11/29/2023
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: +19.6%
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: 4.47
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.27 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 958,740,000
Free Float: 932,857,000
Market Cap: $7.04 billion
Optionable: Not Optionable
Beta: 1.88

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Key Executives

Mr. George Thompson Hutton (Age 67)
Independent Non Executive Chairman
Comp: $135k
Mr. Anthony J. Noto (Age 54)
CEO & Director
Comp: $3.49M
Mr. Christopher Lapointe (Age 38)
Chief Financial Officer
Comp: $1.26M
Mr. Jeremy Rishel (Age 50)
Chief Technology Officer
Comp: $2.61M
Mr. Aaron J. Webster (Age 43)
Chief Risk Officer and Global Head of Operations & LatAm
Comp: $1.26M
Mr. Chad M. Borton (Age 52)
EVP, Group Business Unit Leader of Lending & President of SoFi Bank
Comp: $1.1M
Mr. Robert Steven Lavet (Age 74)
General Counsel & Secretary
Ms. Lauren Stafford Webb (Age 37)
Chief Marketing Officer
Mr. William F. Tanona (Age 50)
Senior Vice President of Corporate Development & 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 Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 2 sell ratings, 10 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 target for 2024?: 16 brokers have issued 1-year price objectives for SoFi Technologies' stock. Their SOFI share price targets range from $3.00 to $15.00. On average, they anticipate the company's stock price to reach $8.78 in the next twelve months. This suggests a possible upside of 19.6% 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 59.2% and is now trading at $7.34.
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) announced its quarterly earnings results on Monday, October, 30th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.05. The company had revenue of $564.20 million for the quarter, compared to analyst estimates 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%. The company's quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the firm 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 updated its FY 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) 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 number 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 11/29/2023 by MarketBeat.com Staff

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