Should I buy or sell SoFi Technologies stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 4 sell ratings, 9 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?

17 brokerages have issued twelve-month target prices for SoFi Technologies' shares. Their SOFI share price targets range from $3.00 to $14.00. On average, they predict the company's share price to reach $8.78 in the next twelve months. This suggests a possible upside of 8.0% 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 beginning of the year. Since then, SOFI shares have decreased by 18.3% and is now trading at $8.13. 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, May 6th 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, January, 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm earned $615.40 million during 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%. SoFi Technologies's quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share.

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

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Norges Bank (0.75%), Charles Schwab Investment Management Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Nikko Asset Management Americas Inc. (0.41%), Dimensional Fund Advisors LP (0.40%) and Wells Fargo & Company MN (0.30%). 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 .

Followed 184 TimesTop Followed Lowest-Rated StocksLowest-Rated

NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Price, News & Analysis

$8.13

+0.05 (+0.62%)

(As of 02/9/2024 08:57 PM ET)

Compare

Today's Range: $8.08
▼
$8.35
50-Day Range: $7.41
▼
$10.32
52-Week Range: $4.45
▼
$11.70

Volume: 40.42 million shs
Average Volume: 60.55 million shs
Market Capitalization: $7.79 billion

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

Get SoFi Technologies alerts:

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 8.0% Upside
$8.78 Price Target
Short Interest: Bearish
13.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.58
Based on 14 Articles This Week
Insider Trading: Selling Shares
$550,350 Sold Last Quarter
Proj. Earnings Growth: 242.86%
From $0.07 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.

1.33 out of 5 stars

Business Services Sector

229th out of 301 stocks

Nondepository Credit Institutions Industry

35th out of 47 stocks

2.0

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, 9 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.78, SoFi Technologies has a forecasted upside of 8.0% from its current price of $8.13.
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.

2.0

Short Interest

Percentage of Shares Shorted
13.37% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SoFi Technologies has recently increased by 0.43%, indicating that investor sentiment is decreasing.

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.

2.5

News and Social Media Coverage

News Sentiment
SoFi Technologies has a news sentiment score of 0.58. 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 lower news sentiment than the 0.80 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for SoFi Technologies this week, compared to 18 articles on an average week.
Search Interest
400 people have searched for SOFI on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.
MarketBeat Follows
185 people have added SoFi Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 91% 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 276.31% more of their company's stock than they have bought. Specifically, they have bought $146,250.00 in company stock and sold $550,350.00 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for SoFi Technologies are expected to grow by 242.86% in the coming year, from $0.07 to $0.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SoFi Technologies is -21.39, 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 -21.39, 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 1.46. 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

January 30, 2024 | marketbeat.com

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January 29, 2024 | marketbeat.com

TKO Group, iRobot fall; SoFi Technologies, McGrath rise, Monday, 1/29/2024

Stocks that are trading heavily or have substantial price changes on Monday: TKO Group, iRobot fall; SoFi Technologies, McGrath rise

February 12, 2024 | Chaikin Analytics (Ad)

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January 29, 2024 | marketbeat.com

SoFi stock to have huge earnings growth, markets like the story (SOFI)

The tech sector is at an all-time high, yet some stocks still struggle to catch up; here is why SoFi may soon beat everyone else in the group

January 25, 2024 | marketbeat.com

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January 22, 2024 | marketbeat.com

nCino's path to profits: Niche fintech with strong prospects (SOFI)

nCino's stock enters a buy zone after an expanded deal with Salesforce. Analysts expect nCino to become profitable this year, with earnings growth in 2025.

February 9, 2024 | fool.com

Great News for SoFi Stock Investors!

February 9, 2024 | markets.businessinsider.com

SoFi Just Hired a New Chief Risk Officer

February 12, 2024 | Behind the Markets (Ad)

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February 9, 2024 | msn.com

SoFi Technologies Announces New Chief Risk Officer

February 7, 2024 | finance.yahoo.com

SoFi Technologies, Inc.: SoFi's Unique Model for Personal Finance and Rising Deposits Drives Strong Growth

February 7, 2024 | msn.com

Why SoFi Dipped After Posting Stellar Results

February 6, 2024 | finance.yahoo.com

New SoFi at Work Survey Finds More Employees than Ever are Stressed About Finances, Reveals Simple Ways Employers Can Help

February 5, 2024 | seekingalpha.com

SoFi Technologies' Growing Profitability Makes It A Buy On The Q4 Pullback

February 5, 2024 | msn.com

Man Dies After Drowning in Lake Outside SoFi Stadium: 'He Went Underwater and Did Not Resurface'

February 5, 2024 | fool.com

What's Next for iRobot?

February 5, 2024 | fool.com

Why SoFi Stock Lost 21% in January

February 4, 2024 | ca.finance.yahoo.com

SOFI Mar 2024 11.000 put

February 3, 2024 | msn.com

Man drowns in lake outside SoFi Stadium, authorities say

February 3, 2024 | fool.com

Did Investors Miss Their Chance to Buy SoFi Stock? Not So Fast.

February 3, 2024 | fool.com

SoFi Technologies Delivered a Profit as Promised. Is It Time to Buy?

February 2, 2024 | marketwatch.com

SoFi Savings Rates (February 2024)

February 2, 2024 | msn.com

Where Will SoFi Stock Be in 2026?

February 2, 2024 | americanbankingnews.com

SoFi Technologies (NASDAQ:SOFI) Rating Reiterated by Morgan Stanley

February 2, 2024 | americanbankingnews.com

FY2025 EPS Estimates for SoFi Technologies, Inc. Boosted by Analyst (NASDAQ:SOFI)

February 2, 2024 | seekingalpha.com

SoFi Q4: Proving All The Naysayers Wrong

February 1, 2024 | fool.com

SoFi Stock Plummets After Skyrocketing 20% on Monday. What Happened?

See More Headlines

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Company Calendar

Last Earnings: 1/29/2024
Today: 2/12/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Nondepository credit institutions
Sub-Industry: N/A
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: $14.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +8.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 116.14
P/E Growth: N/A
Net Income: $-300,740,000.00
Net Margins: -14.65%
Pretax Margin: -19.92%
Return on Equity: -1.23%
Return on Assets: -0.25%

Debt

Debt-to-Equity Ratio: 1.24
Current Ratio: 1.52
Quick Ratio: 0.23

Sales & Book Value

Annual Sales: $2.12 billion
Price / Sales: 3.67
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.58 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 958,740,000
Free Float: 932,857,000
Market Cap: $7.79 billion
Optionable: Optionable
Beta: 1.78

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Key Executives

Mr. George Thompson Hutton (Age 68)
Independent Non Executive Chairman
Comp: $135k
Mr. Anthony J. Noto (Age 55)
CEO & Director
Comp: $3.49M
Mr. Christopher Lapointe (Age 39)
Chief Financial Officer
Comp: $1.26M
Mr. Jeremy Rishel (Age 51)
Chief Technology Officer
Comp: $2.61M
Mr. Aaron J. Webster (Age 44)
Chief Risk Officer and Global Head of Operations & LatAm
Comp: $1.26M
Mr. Chad M. Borton (Age 53)
EVP, Group Business Unit Leader of Lending & President of SoFi Bank
Comp: $1.1M
Mr. Robert Steven Lavet (Age 75)
General Counsel & Secretary
Ms. Lauren Stafford Webb (Age 38)
Chief Marketing Officer
Mr. William F. Tanona (Age 51)
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?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 4 sell ratings, 9 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?: 17 brokerages have issued twelve-month target prices for SoFi Technologies' shares. Their SOFI share price targets range from $3.00 to $14.00. On average, they predict the company's share price to reach $8.78 in the next twelve months. This suggests a possible upside of 8.0% 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 beginning of the year. Since then, SOFI shares have decreased by 18.3% and is now trading at $8.13.
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, May 6th 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, January, 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm earned $615.40 million during 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%. SoFi Technologies's quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share.

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 issued an update on its FY 2024 earnings guidance on Monday, January, 29th. The company provided earnings per share guidance of 0.070-0.080 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of -.
Who are SoFi Technologies' major shareholders?: SoFi Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Norges Bank (0.75%), Charles Schwab Investment Management Inc. (0.57%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Nikko Asset Management Americas Inc. (0.41%), Dimensional Fund Advisors LP (0.40%) and Wells Fargo & Company MN (0.30%). 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 2/12/2024 by MarketBeat.com Staff

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