SoFi Technologies (SOFI) Stock Price, News & Analysis

$7.25
+0.14 (+1.97%)
(As of 04/22/2024 ET)
Today's Range
$7.11
$7.29
50-Day Range
$6.92
$9.15
52-Week Range
$4.45
$11.70
Volume
31.18 million shs
Average Volume
35.71 million shs
Market Capitalization
$7.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.08

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
25.3% Upside
$9.08 Price Target
Short Interest
Healthy
18.99% 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 24 Articles This Week
Insider Trading
Selling Shares
$389,972 Sold Last Quarter
Proj. Earnings Growth
225.00%
From $0.08 to $0.26 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.44 out of 5 stars

Business Services Sector

90th out of 305 stocks

Nondepository Credit Institutions Industry

10th out of 48 stocks

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

3 Cheap Stocks That Shouldn’t Be So (SOFI)
Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.
3 Cheap Stocks That Shouldn't Be So
Certain stocks fall out of favor once every business cycle, whether for actual justifiable reasons or because of plain overlooking. Markets can get busy and caught up with sectors that make the most noise, such as the U.S. technology sector, which has been taken to all-time highs by names like Nvidia Co. NASDAQ: NVDA.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Short Interest Could Send These 2 Stocks Flying
Bears may have gotten way too aggressive in their trading lately. This is especially true with stocks like SoFi Technologies Inc. NASDAQ: SOFI and Whirlpool Co. NYSE: WHR.
Short Interest Could Send These 2 Stocks Flying (SOFI)
Short sellers may be in for a rude awakening as they realize their bets on SoFi and Whirlpool could be wrong, betting against Buffett himself is not a good idea
MarketBeat Week in Review – 3/18 – 3/22 (SOFI)
Investors took a breather after the Fed-induced rally and before a shortened trading week that will include plenty of economic reports that could move markets
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
SoFi Technologies (SOFI) to Release Earnings on Monday
SoFi Technologies (NASDAQ:SOFI) Trading 1% Higher
7 Growth Stocks to Buy Now: Q2 Edition
SOFI Announces Monthly Distributions on $THTA (13.07%)
3 Under-$10 Stocks With 10X Growth Potential by 2026
Is SoFi a Millionaire Maker?
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.

Company Calendar

Last Earnings
1/29/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:SOFI
Fax
N/A
Employees
4,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.08
High Stock Price Target
$14.00
Low Stock Price Target
$3.00
Potential Upside/Downside
+25.3%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
19 Analysts

Profitability

Net Income
$-300,740,000.00
Pretax Margin
-10.34%

Debt

Sales & Book Value

Annual Sales
$2.11 billion
Cash Flow
$0.41 per share
Book Value
$5.36 per share

Miscellaneous

Free Float
951,342,000
Market Cap
$7.08 billion
Optionable
Optionable
Beta
1.75
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

SOFI Stock Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 6 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 target for 2024?

19 equities research analysts have issued 12 month price objectives for SoFi Technologies' shares. Their SOFI share price targets range from $3.00 to $14.00. On average, they predict the company's stock price to reach $9.08 in the next year. This suggests a possible upside of 25.3% 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 2024?

SoFi Technologies' stock was trading at $9.95 on January 1st, 2024. Since then, SOFI stock has decreased by 27.1% and is now trading at $7.25.
View the best growth stocks for 2024 here
.

Are investors shorting SoFi Technologies?

SoFi Technologies saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 171,640,000 shares, a drop of 18.2% from the March 15th total of 209,900,000 shares. Based on an average daily volume of 55,060,000 shares, the short-interest ratio is currently 3.1 days. Currently, 19.0% of the shares of the company are sold short.
View SoFi Technologies' Short Interest
.

When is SoFi Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our SOFI earnings forecast
.

How can I listen to SoFi Technologies' earnings call?

SoFi Technologies will be holding an earnings conference call on Monday, April 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) issued its earnings results on Monday, January, 29th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $615.40 million for the quarter, compared to the consensus estimate of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative trailing twelve-month return on equity of 1.23%. The firm's revenue was up 34.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share.

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

SoFi Technologies issued an update on its FY 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share (EPS) guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.060. The company issued revenue guidance of -.

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.10%), IMC Chicago LLC (0.00%), State of Michigan Retirement System (0.10%), Parkside Investments LLC (0.08%), Anderson Hoagland & Co. (0.05%) and Raymond James Financial Services Advisors Inc. (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SOFI) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners