Should I buy or sell SoFi Technologies stock right now?

19 Wall Street research 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 6 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?

19 Wall Street analysts have issued 12-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 $9.08 in the next year. This suggests a possible upside of 27.4% 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 shares have decreased by 28.3% and is now trading at $7.13. View the best growth stocks for 2024 here .

Are investors shorting SoFi Technologies?

SoFi Technologies saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 171,640,000 shares, a decrease 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. Approximately 19.0% of the company's shares 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) released its quarterly earnings data on Monday, January, 29th. The company reported $0.02 EPS for the quarter. The company had revenue of $615.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 34.7% on a year-over-year basis. During the same period last year, the firm earned ($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) , ARK Fintech Innovation ETF (ARKF) , VanEck Social Sentiment ETF (BUZZ) , Global X FinTech Thematic ETF (FINX) , Direxion Moonshot Innovators ETF (MOON) and Parabla Innovation ETF (LZRD) .

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 EPS estimate of 0.060. The company issued revenue guidance of -.

Who are SoFi Technologies' major shareholders?

SoFi Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), State of Michigan Retirement System (0.10%), Parkside Investments LLC (0.08%), Anderson Hoagland & Co. (0.05%), Firethorn Wealth Partners LLC (0.02%) and Capital Advisors Wealth Management LLC (0.01%). 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 293 TimesTop Followed

NASDAQ:SOFI

SoFi Technologies (SOFI) Stock Price, News & Analysis

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$7.13

-0.03 (-0.42%)

(As of 04/18/2024 ET)

Compare

Today's Range: $7.07
▼
$7.38
50-Day Range: $6.92
▼
$9.15
52-Week Range: $4.45
▼
$11.70

Volume: 34.32 million shs
Average Volume: 36.11 million shs
Market Capitalization: $6.96 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.08

Get SoFi Technologies alerts:

SoFi Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.16 Rating Score
Upside/Downside: 27.4% Upside
$9.08 Price Target
Short Interest: Healthy
18.99% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 20 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.

3.39 out of 5 stars

Business Services Sector

170th out of 293 stocks

Nondepository Credit Institutions Industry

23rd out of 43 stocks

4.1

Analyst's Opinion

Consensus Rating
SoFi Technologies has received a consensus rating of Hold. The company's average rating score is 2.16, and is based on 6 buy ratings, 10 hold ratings, and 3 sell ratings.
Amount of Analyst Coverage
SoFi Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
18.99% 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 3.1, 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 18.23%, indicating that investor sentiment is improving significantly.

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.

1.9

News and Social Media Coverage

News Sentiment
SoFi Technologies has a news sentiment score of 0.42. 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 0.53 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for SoFi Technologies this week, compared to 20 articles on an average week.
Search Interest
Only 266 people have searched for SOFI on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
283 people have added SoFi Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 24% 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 $389,972.00 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 38.43% 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 225.00% in the coming year, from $0.08 to $0.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SoFi Technologies is -18.76, 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 -18.76, 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 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

March 25, 2024 | marketbeat.com

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.

March 25, 2024 | marketbeat.com

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

April 19, 2024 | InvestorPlace (Ad)

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March 23, 2024 | marketbeat.com

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

March 22, 2024 | insidertrades.com

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel Sells 56,273 Shares

March 21, 2024 | marketbeat.com

3 Stocks About to Join the Rate Cut Party

You can think of the S&P 500 and the NASDAQ 100 indexes as the sun that gets the rest of the stock market booming or busting. As these have been making all-time highs lately, you'll notice that not all stocks joined the party.

March 21, 2024 | marketbeat.com

3 Stocks About to Join the Rate Cut Party (SOFI)

Three stocks quickly become top picks for you to play catch-up to the rate cut rally that has been hitting the stock market lately, analysts love them

March 19, 2024 | marketbeat.com

SoFi Presents Another Entry Opportunity for Investors

Fintech provider SoFi Technologies Inc. NASDAQ: SOFI is a one-stop shop for financial services conveniently accessible around the clock through its mobile-first platform and online. The financial service sector company targets millennials and Gen-Z customers, courting them early in their financial journey with student loans and offering banking, lending, investing, financial planning and wealth management services throughout their careers, fostering generational customers.

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March 19, 2024 | marketbeat.com

SoFi Presents Another Entry Opportunity for Investors

Fintech provider SoFi Technologies Inc. (NASDAQ: SOFI) is a one-stop shop for financial services conveniently accessible around the clock through

April 19, 2024 | fool.com

Could SoFi Become the Next JPMorgan Chase?

April 18, 2024 | investorplace.com

Load Up on These 3 Student Loan Stock Plays if Biden Beats the Courts

April 18, 2024 | investorplace.com

7 Growth Stocks to Buy Now: Q2 Edition

April 17, 2024 | msn.com

SoFi Technologies (SOFI) Price Target Increased by 5.53% to 9.08

April 16, 2024 | businesswire.com

Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing

April 16, 2024 | globenewswire.com

SOFI Announces Monthly Distributions on $THTA (13.07%)

April 15, 2024 | investorplace.com

3 Under-$10 Stocks With 10X Growth Potential by 2026

April 15, 2024 | seekingalpha.com

SoFi Stock: Analyzing The Impact Of Student Loan Debt Cancellation Plan

April 15, 2024 | americanbankingnews.com

SoFi Technologies, Inc. (NASDAQ:SOFI) Sees Significant Decrease in Short Interest

April 14, 2024 | fool.com

Is SoFi a Millionaire Maker?

April 14, 2024 | americanbankingnews.com

SoFi Technologies (NASDAQ:SOFI) Shares Down 2%

April 13, 2024 | cnn.com

SoFi Technologies Inc

April 12, 2024 | markets.businessinsider.com

SoFi Technologies: A Strong Buy on Enhanced Lending Capacity and Projected Financial Growth

April 12, 2024 | fool.com

CPI Comes in Hot: Is SoFi Stock in Trouble?

April 12, 2024 | investorplace.com

3 Stocks to Buy to Double Your Money: April 2024 Edition

April 11, 2024 | barrons.com

SoFI Technologies, Microsoft, Amazon, AMD, and Other Tech Stocks in Focus Today

April 10, 2024 | fool.com

Is This SoFi Stock's Biggest Risk Right Now?

See More Headlines

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Company Calendar

Last Earnings: 1/29/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: 4,400
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: +27.4%
Consensus Rating: Hold
Rating Score (0-4): 2.16
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 89.13
P/E Growth: N/A
Net Income: $-300,740,000.00
Net Margins: -14.65%
Pretax Margin: -10.34%
Return on Equity: -1.23%
Return on Assets: -0.24%

Debt

Debt-to-Equity Ratio: 1.00
Current Ratio: 1.04
Quick Ratio: 0.23

Sales & Book Value

Annual Sales: $2.12 billion
Price / Sales: 3.28
Cash Flow: $0.40 per share
Price / Cash Flow: 17.79
Book Value: $5.36 per share
Price / Book: 1.33

Miscellaneous

Outstanding Shares: 976,740,000
Free Float: 950,365,000
Market Cap: $6.96 billion
Optionable: Optionable
Beta: 1.75

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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 40)
Chief Financial Officer
Comp: $1.26M
Mr. Jeremy Rishel (Age 51)
Chief Technology Officer
Comp: $2.61M
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
Ms. Katie Wells
Executive VP & Business Unit Leader Member
Ms. Kelli Keough
Executive Vice President of Group Business Unit Leader for Spend, Invest, Protect & Save

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?: 19 Wall Street research 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 6 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?: 19 Wall Street analysts have issued 12-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 $9.08 in the next year. This suggests a possible upside of 27.4% 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 shares have decreased by 28.3% and is now trading at $7.13.
View the best growth stocks for 2024 here.
Are investors shorting SoFi Technologies?: SoFi Technologies saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 171,640,000 shares, a decrease 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. Approximately 19.0% of the company's shares 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) released its quarterly earnings data on Monday, January, 29th. The company reported $0.02 EPS for the quarter. The company had revenue of $615.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 34.7% on a year-over-year basis. During the same period last year, the firm earned ($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), ARK Fintech Innovation ETF (ARKF), VanEck Social Sentiment ETF (BUZZ), Global X FinTech Thematic ETF (FINX), Direxion Moonshot Innovators ETF (MOON) and Parabla Innovation ETF (LZRD).
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 EPS estimate of 0.060. The company issued revenue guidance of -.
Who are SoFi Technologies' major shareholders?: SoFi Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), State of Michigan Retirement System (0.10%), Parkside Investments LLC (0.08%), Anderson Hoagland & Co. (0.05%), Firethorn Wealth Partners LLC (0.02%) and Capital Advisors Wealth Management LLC (0.01%). 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 4/19/2024 by MarketBeat.com Staff

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