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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
40.51 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
0.67mentions of SoFi Technologies in the last 14 days
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

231st out of 309 stocks

Nondepository Credit Institutions Industry

30th out of 45 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

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.
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.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
2 Growth Stocks Billionaires Are Buying Hand Over Fist
Bull Market and Beyond: 2 Stocks Just Waiting to Soar
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
SoFi Technologies price target lowered to $11 from $12 at Citi
Is SOFI Stock a Hidden Gem or Fool’s Gold? Here’s the Answer.
SoFi Stock Drops Amid Loan Valuation Debate
Inside the Loan Valuation Debate Roiling SoFi Stock
Don’t Go Bargain Hunting on SoFi Stock, Says Wedbush
Huge News for SoFi Stock Investors!
SoFi Technologies (NASDAQ:SOFI) Now Covered by Analysts at Barclays
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
11/28/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024

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 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

Net Income
$-320,410,000.00
Pretax Margin
-19.92%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Book Value
$5.58 per share

Miscellaneous

Free Float
932,857,000
Market Cap
$7.04 billion
Optionable
Not Optionable
Beta
1.88
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SOFI Stock Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

16 Wall Street research 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 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?

16 brokers have issued 12 month price objectives for SoFi Technologies' stock. Their SOFI share price targets range from $3.00 to $15.00. On average, they predict the company's share 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 2023. 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) posted its earnings results on Monday, October, 30th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05. The company earned $564.20 million during the quarter, compared to analysts' expectations of $511.30 million. SoFi Technologies had a negative trailing twelve-month return on equity of 2.92% and a negative net margin of 20.31%. The firm's revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) earnings per share.

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 variety of retail and institutional investors. Top institutional investors 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 11/28/2023 by MarketBeat.com Staff

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