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NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Price, News & Analysis

$6.42
-0.04 (-0.62%)
(As of 06/18/2024 ET)
Today's Range
$6.39
$6.60
50-Day Range
$6.46
$7.89
52-Week Range
$6.30
$11.70
Volume
28.31 million shs
Average Volume
32.45 million shs
Market Capitalization
$6.79 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.08

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
41.5% Upside
$9.08 Price Target
Short Interest
Bearish
18.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of SoFi Technologies in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$134.91 M Sold Last Quarter
Proj. Earnings Growth
200.00%
From $0.08 to $0.24 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.

2.64 out of 5 stars

Business Services Sector

167th out of 306 stocks

Nondepository Credit Institutions Industry

21st out of 51 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

[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
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3 Stocks to Watch as New Home Listings Climb Again (SOFI)
As U.S. home listings have been on the rise for the past 4 consecutive months, three stocks lined up to see their prices and fundamentals take on a rally
3 Stocks with Fast Upside Potential Due to High Short Interest
3 Stocks with Fast Upside Potential Due to High Short Interest
Whenever stocks reach a higher than usual short interest, investors could benefit from keeping a close eye on the future prospects for those stocks. Typically, there is a good reason for short sellers to take on a bearish view of businesses.
3 Stocks with Fast Upside Potential Due to High Short Interest
3 Stocks with Fast Upside Potential Due to High Short Interest (SOFI)
High short interest for these stocks could prove dangerous for bearish traders, as fundamentally bullish theses could send these stocks ripping soon
5 Unexpected AI Innovators Transforming Their Sectors
5 Unexpected AI Innovators Transforming Their Sectors
As the artificial intelligence (AI) revolution continues gaining momentum, companies across various sectors embrace AI technologies to enhance operations, improve customer experiences, and drive innovation.
5 Unexpected AI Innovators Transforming Their Sectors
5 Unexpected AI Innovators Transforming Their Sectors (SOFI)
Several companies are making significant strides with AI, including these five companies that are leveraging AI in unexpected ways.
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
 closeup photo of mobile device displaying Grab app in operation
Grab Holdings: It’s Time to Snatch Up Shares While They’re Cheap (SOFI)
Grab Holdings is a penny stock, but its recent performance and guidance show investors that it may be too cheap to pass up
SoFi's CEO Just Gave a Huge Buy Sign
CEO Anthony Noto Just Bought Another $199,000 of SOFI Stock
Should You Buy SoFi While It's Below $7?
SoFi: The Smart Money Is Short
SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3%
Massive News for SoFi Stock Investors
5 Stocks Insiders Are Buying
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
6/18/2024
Next Earnings (Estimated)
7/29/2024
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
+41.5%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
18 Analysts

Profitability

Net Income
$-300,740,000.00
Pretax Margin
-7.44%

Debt

Sales & Book Value

Annual Sales
$2.12 billion
Cash Flow
$0.40 per share
Book Value
$5.36 per share

Miscellaneous

Outstanding Shares
1,057,220,000
Free Float
1,029,735,000
Market Cap
$6.79 billion
Optionable
Optionable
Beta
1.72
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SOFI Stock Analysis - Frequently Asked Questions

Should I buy or sell SoFi Technologies stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 3 sell ratings, 10 hold ratings and 5 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?

18 brokers have issued 12 month target prices for SoFi Technologies' stock. Their SOFI share price targets range from $3.00 to $14.00. On average, they anticipate the company's share price to reach $9.08 in the next twelve months. This suggests a possible upside of 41.5% 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 at the start of the year. Since then, SOFI shares have decreased by 35.5% and is now trading at $6.42.
View the best growth stocks for 2024 here
.

When is SoFi Technologies' next earnings date?

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

How were SoFi Technologies' earnings last quarter?

SoFi Technologies, Inc. (NASDAQ:SOFI) announced its quarterly earnings data on Monday, April, 29th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The company earned $580.60 million during the quarter, compared to analyst estimates of $555.27 million. SoFi Technologies had a negative net margin of 8.21% and a positive trailing twelve-month return on equity of 1.10%. The firm's revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS.

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

SoFi Technologies updated its FY 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus estimate of 0.080. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.48%), Sumitomo Mitsui Trust Holdings Inc. (1.10%), Nikko Asset Management Americas Inc. (1.10%), Shaolin Capital Management LLC (0.00%), Simplex Trading LLC (0.00%) and Jane Street Group LLC (0.00%). 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, Qatar Investment Authority, 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 6/19/2024 by MarketBeat.com Staff

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