NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Forecast, Price & News

$7.77

+0.17 (+2.24%)

(As of 04:00 PM ET)

Compare

Today's Range: $7.53
▼
$7.84
50-Day Range: $7.40
▼
$11.45
52-Week Range: $4.24
▼
$11.70

Volume: 23.41 million shs
Average Volume: 41.43 million shs
Market Capitalization: $7.38 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.17

SoFi Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 18.9% Upside
$9.17 Price Target
Short Interest: Healthy
11.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.80
Based on 13 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.

1.86 out of 5 stars

Business Services Sector

247th out of 321 stocks

Nondepository Credit Institutions Industry

31st out of 45 stocks

3.0

Analyst's Opinion

Consensus Rating
SoFi Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 4 buy ratings, 7 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.17, SoFi Technologies has a forecasted upside of 18.9% from its current price of $7.71.
Amount of Analyst Coverage
SoFi Technologies has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
11.75% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SoFi Technologies has recently decreased by 1.52%, indicating that investor sentiment is improving.

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.

2.7

News and Social Media Coverage

News Sentiment
SoFi Technologies has a news sentiment score of 0.80. 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 is a higher news sentiment than the 0.62 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for SoFi Technologies this week, compared to 16 articles on an average week.
Search Interest
Only 159 people have searched for SOFI on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
122 people have added SoFi Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SoFi Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $475,364.00 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 ($0.20) to $0.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SoFi Technologies is -30.84, 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 -30.84, 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 1.38. 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 (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

30 days | 90 days | 365 days | Advanced Chart

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 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

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 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

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 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

September 7, 2023 | news.yahoo.com

Fans at SoFi Stadium can now pre-order food, drinks using Uber Eats

See More Headlines

Receive SOFI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SoFi Technologies and its competitors with MarketBeat's FREE daily newsletter.

SOFI Company Calendar

Last Earnings: 7/31/2023
Today: 9/28/2023
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: +18.6%
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: 4.67
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.58 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 950,110,000
Free Float: 924,461,000
Market Cap: $7.34 billion
Optionable: Not Optionable
Beta: 1.88

5G Stocks: The Path Forward is Profitable

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

Mr. George Thompson Hutton (Age 67)
Independent Non Exec. 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 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 equities research 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 equities 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 forecast for 2023?: 15 brokers have issued twelve-month target prices 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 year. This suggests a possible upside of 18.6% 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 on January 1st, 2023. Since then, SOFI stock has increased by 67.7% and is now trading at $7.73.
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) released its quarterly earnings results on Monday, July, 31st. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The business earned $488.80 million during the quarter, compared to analysts' expectations 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%. SoFi Technologies's revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share.
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 issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share 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 variety of institutional and retail investors. Top institutional investors 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 $7.73.
How much money does SoFi Technologies make?: SoFi Technologies (NASDAQ:SOFI) has a market capitalization of $7.34 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 9/28/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial