Financial Services - Financial - Credit Services - NASDAQ - US
$ 13.63
1.72 %
$ 14.8 B
Market Cap
113.58
P/E
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform.[ Read More ]
The intrinsic value of one SOFI stock under the base case scenario is HIDDEN Compared to the current market price of 13.6 USD, SoFi Technologies, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart SOFI
FINANCIALS
2.11 B
REVENUE
247 M
OPERATING INCOME
-301 M
NET INCOME
-7.23 B
OPERATING CASH FLOW
-1.89 B
INVESTING CASH FLOW
10.9 B
FINANCING CASH FLOW
691 M
REVENUE
47.9 M
OPERATING INCOME
60.7 M
NET INCOME
-1.17 B
OPERATING CASH FLOW
-84 M
INVESTING CASH FLOW
1.5 B
FINANCING CASH FLOW
Balance Sheet Decomposition
SoFi Technologies, Inc.
| Current Assets | 3.79 B |
| Cash & Short-Term Investments | 3.79 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 2.97 B |
| Long-Term Investments | 725 M |
| PP&E | 307 M |
| Other Non-Current Assets | 1.94 B |
| Current Liabilities | 362 M |
| Accounts Payable | 160 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 202 M |
| Non-Current Liabilities | 24.4 B |
| Long-Term Debt | 5.34 B |
| Other Non-Current Liabilities | 19.1 B |
EFFICIENCY
Earnings Waterfall
SoFi Technologies, Inc.
| Revenue | 2.11 B |
| Cost Of Revenue | 0 |
| Gross Profit | 2.11 B |
| Operating Expenses | 2.26 B |
| Operating Income | 247 M |
| Other Expenses | 548 M |
| Net Income | -301 M |
RATIOS
100.00%
GROSS MARGIN
11.72%
OPERATING MARGIN
-14.27%
NET MARGIN
-5.41%
ROE
-1.00%
ROA
2.29%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
SoFi Technologies, Inc.
| Net Income | -301 M |
| Depreciation & Amortization | 201 M |
| Capital Expenditures | -121 M |
| Stock-Based Compensation | 271 M |
| Change in Working Capital | -7.63 B |
| Others | -7.43 B |
| Free Cash Flow | -7.35 B |
Wall Street Analysts Price Targets
SoFi Technologies, Inc.
Wall Street analysts predict an average 1-year price target for SOFI of $10 , with forecasts ranging from a low of $7.5 to a high of $13 .
SOFI Lowest Price Target
Wall Street Target
7.5 USD
-44.97%
SOFI Average Price Target
Wall Street Target
10 USD
-26.63%
SOFI Highest Price Target
Wall Street Target
13 USD
-4.62%
4. DIVIDEND ANALYSIS
0.20%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
SoFi Technologies, Inc.
Sold
0-3 MONTHS
905 K USD 2
3-6 MONTHS
135 M USD 2
6-9 MONTHS
390 K USD 1
9-12 MONTHS
550 K USD 1
Bought
0 USD 0
0-3 MONTHS
599 K USD 1
3-6 MONTHS
199 K USD 1
6-9 MONTHS
146 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 weeks ago
Oct 21, 2024
|
Sell 96.5 K USD
|
Keough Kelli
EVP, GBUL, SIPS |
- 9308
|
10.3629 USD |
|
1 month ago
Sep 23, 2024
|
Sell 74.3 K USD
|
Keough Kelli
EVP, GBUL, SIPS |
- 9308
|
7.987 USD |
|
1 month ago
Sep 20, 2024
|
Sell 553 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 68081
|
8.12 USD |
|
2 months ago
Aug 22, 2024
|
Sell 181 K USD
|
Keough Kelli
EVP, GBUL, SIPS |
- 24939
|
7.2558 USD |
|
4 months ago
Jun 20, 2024
|
Sell 361 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 56273
|
6.41 USD |
|
5 months ago
Jun 14, 2024
|
Bought 199 K USD
|
Noto Anthony
Chief Executive Officer |
+ 30715
|
6.4825 USD |
|
5 months ago
Jun 13, 2024
|
Sell 135 M USD
|
Qatar Investment Authority
other: Director by deputization |
- 19840073
|
6.78 USD |
|
5 months ago
May 24, 2024
|
Bought 200 K USD
|
Noto Anthony
Chief Executive Officer |
+ 28860
|
6.9214 USD |
|
5 months ago
May 23, 2024
|
Bought 200 K USD
|
Noto Anthony
Chief Executive Officer |
+ 28900
|
6.9181 USD |
|
6 months ago
May 03, 2024
|
Bought 199 K USD
|
Noto Anthony
Chief Executive Officer |
+ 28775
|
6.9 USD |
|
7 months ago
Mar 19, 2024
|
Sell 390 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 56273
|
6.93 USD |
|
10 months ago
Dec 19, 2023
|
Sell 550 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 56273
|
9.78 USD |
|
11 months ago
Nov 21, 2023
|
Bought 146 K USD
|
Noto Anthony
Chief Executive Officer |
+ 22500
|
6.5017 USD |
|
1 year ago
Nov 09, 2023
|
Bought 298 K USD
|
Noto Anthony
Chief Executive Officer |
+ 44000
|
6.7783 USD |
|
1 year ago
Nov 09, 2023
|
Bought 100 K USD
|
Lapointe Christopher
CFO and PAO |
+ 14950
|
6.69 USD |
|
1 year ago
Nov 06, 2023
|
Sell 1.03 M USD
|
Stafford Webb Lauren
Chief Marketing Officer |
- 135832
|
7.5814 USD |
|
1 year ago
Nov 02, 2023
|
Sell 1.22 M USD
|
Borton Chad M
President - SoFi Bank |
- 152041
|
7.9925 USD |
|
1 year ago
Nov 03, 2023
|
Sell 1.74 M USD
|
Webster Aaron
Chief Risk Officer |
- 215299
|
8.0843 USD |
|
1 year ago
Sep 01, 2023
|
Sell 475 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 53532
|
8.88 USD |
|
1 year ago
Jun 14, 2023
|
Sell 1.94 M USD
|
Webster Aaron
Chief Risk Officer |
- 200000
|
9.6906 USD |
|
1 year ago
Jun 16, 2023
|
Sell 785 K USD
|
Borton Chad M
President - SoFi Bank |
- 90458
|
8.6779 USD |
|
1 year ago
Jun 15, 2023
|
Sell 929 K USD
|
Stafford Webb Lauren
Chief Marketing Officer |
- 100000
|
9.288 USD |
|
1 year ago
May 15, 2023
|
Bought 505 K USD
|
Noto Anthony
Chief Executive Officer |
+ 108000
|
4.6732 USD |
|
1 year ago
May 09, 2023
|
Sell 1.09 M USD
|
Rishel Jeremy
Chief Technology Officer |
- 200000
|
5.4656 USD |
|
1 year ago
May 05, 2023
|
Bought 99.8 K USD
|
Noto Anthony
Chief Executive Officer |
+ 19833.4828
|
5.03 USD |
|
2 years ago
Sep 12, 2022
|
Bought 9.5 K USD
|
Noto Anthony
Chief Executive Officer |
+ 1500
|
6.33 USD |
|
2 years ago
Jun 15, 2022
|
Bought 17.8 K USD
|
Noto Anthony
Chief Executive Officer |
+ 3000
|
5.94 USD |
|
2 years ago
May 27, 2022
|
Bought 22.4 K USD
|
Noto Anthony
Chief Executive Officer |
+ 3000
|
7.48 USD |
|
2 years ago
Mar 04, 2022
|
Bought 40 K USD
|
Noto Anthony
Chief Executive Officer |
+ 3925.6097
|
10.19 USD |
|
3 years ago
Aug 23, 2021
|
Bought 1.42 K USD
|
Noto Anthony
Chief Executive Officer |
+ 100
|
14.23 USD |
|
3 years ago
Aug 20, 2021
|
Bought 14 K USD
|
Noto Anthony
Chief Executive Officer |
+ 1000
|
14.05 USD |
|
3 years ago
Aug 19, 2021
|
Bought 5.6 K USD
|
Noto Anthony
Chief Executive Officer |
+ 400
|
13.99 USD |
|
3 years ago
Aug 18, 2021
|
Bought 6.98 K USD
|
Noto Anthony
Chief Executive Officer |
+ 500
|
13.97 USD |
|
1 year ago
May 05, 2023
|
Bought 154 K USD
|
Noto Anthony
Chief Executive Officer |
+ 30000
|
5.1171 USD |
|
1 year ago
May 04, 2023
|
Bought 237 K USD
|
Noto Anthony
Chief Executive Officer |
+ 50000
|
4.7341 USD |
|
1 year ago
Mar 16, 2023
|
Bought 243 K USD
|
Noto Anthony
Chief Executive Officer |
+ 45000
|
5.3936 USD |
|
1 year ago
Mar 08, 2023
|
Sell 523 K USD
|
Rishel Jeremy
Chief Technology Officer |
- 81000
|
6.4602 USD |
|
1 year ago
Mar 10, 2023
|
Bought 995 K USD
|
Noto Anthony
Chief Executive Officer |
+ 180000
|
5.5283 USD |
|
1 year ago
Feb 02, 2023
|
Sell 1.61 M USD
|
Lavet Robert S
General Counsel |
- 200000
|
8.062 USD |
|
1 year ago
Dec 16, 2022
|
Bought 1.38 M USD
|
Noto Anthony
Chief Executive Officer |
+ 300000
|
4.5934 USD |
|
1 year ago
Dec 15, 2022
|
Bought 1.03 M USD
|
Noto Anthony
Chief Executive Officer |
+ 225000
|
4.5921 USD |
|
1 year ago
Dec 13, 2022
|
Bought 1.46 M USD
|
Noto Anthony
Chief Executive Officer |
+ 318965
|
4.5833 USD |
|
1 year ago
Dec 12, 2022
|
Bought 569 K USD
|
Noto Anthony
Chief Executive Officer |
+ 132600
|
4.2934 USD |
|
1 year ago
Dec 09, 2022
|
Bought 2.98 M USD
|
Noto Anthony
Chief Executive Officer |
+ 682500
|
4.3634 USD |
|
2 years ago
Aug 05, 2022
|
Sell 43 M USD
|
Delaware Project 10 L.L.C.
director: |
- 5381785
|
7.99 USD |
|
2 years ago
Aug 05, 2022
|
Sell 43 M USD
|
SOFTBANK GROUP CORP
10 percent owner |
- 5381785
|
7.99 USD |
|
2 years ago
Aug 08, 2022
|
Sell 54.6 M USD
|
SOFTBANK GROUP CORP
10 percent owner |
- 6683133
|
8.17 USD |
|
2 years ago
Aug 05, 2022
|
Sell 54.6 M USD
|
Delaware Project 10 L.L.C.
director: |
- 6683133
|
8.17 USD |
|
2 years ago
Jun 14, 2022
|
Sell 274 K USD
|
Gill Michelle
Executive Vice President |
- 50000
|
5.48 USD |
|
2 years ago
Jun 16, 2022
|
Bought 299 K USD
|
Noto Anthony
Chief Executive Officer |
+ 53540
|
5.5841 USD |
|
2 years ago
Jun 13, 2022
|
Bought 299 K USD
|
SCHWARTZ HARVEY M
director: |
+ 53500
|
5.59 USD |
|
2 years ago
Jun 13, 2022
|
Bought 250 K USD
|
Noto Anthony
Chief Executive Officer |
+ 46500
|
5.3664 USD |
|
2 years ago
Jun 10, 2022
|
Bought 200 K USD
|
Noto Anthony
Chief Executive Officer |
+ 33455
|
5.979 USD |
|
2 years ago
Jun 09, 2022
|
Bought 300 K USD
|
Noto Anthony
Chief Executive Officer |
+ 47625
|
6.2975 USD |
|
2 years ago
Jun 08, 2022
|
Bought 112 K USD
|
Noto Anthony
Chief Executive Officer |
+ 16907
|
6.6491 USD |
|
2 years ago
Jun 06, 2022
|
Bought 150 K USD
|
Noto Anthony
Chief Executive Officer |
+ 21750
|
6.8975 USD |
|
2 years ago
Jun 01, 2022
|
Bought 150 K USD
|
Noto Anthony
Chief Executive Officer |
+ 21215
|
7.0713 USD |
|
2 years ago
May 24, 2022
|
Bought 249 K USD
|
Noto Anthony
Chief Executive Officer |
+ 37056
|
6.7203 USD |
|
2 years ago
May 20, 2022
|
Bought 198 K USD
|
Noto Anthony
Chief Executive Officer |
+ 27000
|
7.3181 USD |
|
2 years ago
May 19, 2022
|
Bought 105 K USD
|
Noto Anthony
Chief Executive Officer |
+ 13500
|
7.7884 USD |
|
2 years ago
May 13, 2022
|
Bought 97.5 K USD
|
SCHWARTZ HARVEY M
director: |
+ 15000
|
6.5 USD |
|
2 years ago
May 13, 2022
|
Bought 254 K USD
|
Noto Anthony
Chief Executive Officer |
+ 39000
|
6.5 USD |
|
2 years ago
Mar 16, 2022
|
Sell 40 K USD
|
Heavener Micah
Head of Operations |
- 5000
|
8.0092 USD |
|
2 years ago
Mar 17, 2022
|
Bought 513 K USD
|
SCHWARTZ HARVEY M
director: |
+ 58000
|
8.8376 USD |
|
2 years ago
Mar 14, 2022
|
Bought 39.9 K USD
|
Heavener Micah
Head of Operations |
+ 5000
|
7.9899 USD |
|
3 years ago
Mar 16, 2021
|
Bought 84 K USD
|
Al-Hammadi Ahmed Ali
Director |
+ 10000
|
8.4 USD |
|
2 years ago
Mar 15, 2022
|
Bought 303 K USD
|
Noto Anthony
Chief Executive Officer |
+ 34000
|
8.912 USD |
|
2 years ago
Mar 16, 2022
|
Bought 150 K USD
|
Noto Anthony
Chief Executive Officer |
+ 17375
|
8.6215 USD |
|
2 years ago
Mar 14, 2022
|
Bought 149 K USD
|
Noto Anthony
Chief Executive Officer |
+ 19042
|
7.8473 USD |
|
2 years ago
Mar 14, 2022
|
Bought 39.9 K USD
|
Heavener Micah
Head of Operations |
+ 5000
|
7.9899 USD |
|
2 years ago
Mar 11, 2022
|
Bought 149 K USD
|
Noto Anthony
Chief Executive Officer |
+ 16704
|
8.9467 USD |
|
2 years ago
Mar 10, 2022
|
Bought 150 K USD
|
Noto Anthony
Chief Executive Officer |
+ 15873
|
9.4424 USD |
|
2 years ago
Mar 07, 2022
|
Bought 149 K USD
|
Noto Anthony
Chief Executive Officer |
+ 15350
|
9.7264 USD |
|
2 years ago
Mar 04, 2022
|
Bought 149 K USD
|
Noto Anthony
Chief Executive Officer |
+ 15000
|
9.9639 USD |
|
2 years ago
Jan 20, 2022
|
Sell 30 K USD
|
Heavener Micah
Head of Operations |
- 2000
|
15 USD |
|
2 years ago
Dec 10, 2021
|
Bought 14.9 K USD
|
Webster Aaron
Chief Risk Officer |
+ 1000
|
14.9 USD |
|
2 years ago
Nov 29, 2021
|
Sell 1.92 M USD
|
HUTTON GEORGE THOMPSON
Director |
- 103462
|
18.5155 USD |
|
2 years ago
Nov 30, 2021
|
Sell 311 K USD
|
HUTTON GEORGE THOMPSON
Director |
- 16800
|
18.5014 USD |
|
3 years ago
Nov 18, 2021
|
Sell 101 M USD
|
Qatar Investment Authority
Director |
- 4687985
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 156 M USD
|
SLTA IV (GP), L.L.C.
Director |
- 7240653
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 2.61 M USD
|
SLTA IV (GP), L.L.C.
Director |
- 120725
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 486 M USD
|
SOFTBANK GROUP CORP
director, 10 percent owner: |
- 22514038
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 218 M USD
|
Wilkes Thomas Clayton
Vice Chairman - Galileo |
- 10076668
|
21.6 USD |
|
3 years ago
Sep 13, 2021
|
Sell 17 M USD
|
Wilkes Thomas Clayton
Vice Chairman - Galileo |
- 1119413
|
15.16 USD |
7. News
SoFi Technologies Is Breaking Out And I Believe Shares Are Going Higher
SoFi Technologies has overcome a challenging environment, showing strong share price recovery and significant member growth, indicating customer satisfaction with its products and services. Despite risks from competition and economic factors, SoFi's robust loan origination and diversified revenue streams support a bullish outlook for continued growth. Q3 2024 results highlight exceptional member and deposit growth, with SoFi outperforming legacy banks and demonstrating impressive financial metrics and profitability.
seekingalpha.com
- 1 day ago
Here Is What Happens When You Withdraw Over $10,000 From Your Bank Account
If you’re thinking about withdrawing $10,000 in cash from your checking account to play blackjack during your week-long trip to Las Vegas, you might want to know what happens when you do. The Bank Secrecy Act was passed by Congress in 1970 to fight money laundering in the U.S. Under the Act, financial institutions are required to report cash transactions over $10,000. The form filed with the Financial Crimes Enforcement Network (FinCEN) is called a Currency Transaction Report (CTR). Here’s what will happen when you go to your bank to withdraw $10,000 or more. Could Trigger a Federal Report Importantly, it’s best to avoid splitting the withdrawal into two parts to fall below the $10,000 minimum because that action will raise suspicion unnecessarily. The CTR is generally a formality. However, plan to keep receipts for money spent at the casino or wherever you plan to use the funds so that you have a paper trail at tax time should the Internal Revenue Service have more questions. It also helps to speak to an employee of your bank before you withdraw $10,000 or more so that they’ll have the funds on hand and can complete the form ahead of time. Possible Delay Scenarios As mentioned in the previous section, a common (minimal) delay is for bank employees to fill out the paperwork. However, it’s important to be aware of these other scenarios in which you could experience delays in receiving your cash because of the size of your withdrawal. First, your bank may ask for additional identification verification beyond what you’ve already provided. A withdrawal of $10,000 or more is likely to draw attention, especially if the account doesn’t normally experience such activity. To save time, ensure you have the proper ID. Depending on the type of account you’re withdrawing the funds from, where there could be daily limits, etc., that prevent you from obtaining the entire amount immediately. Lastly, and this might seem like an obvious one, do ensure you have the funds available in the account for withdrawal. In addition, if you don’t have overdraft protection, and you try to withdraw the funds, your request will be denied. The Personal Finance Angle In addition to the legal aspects of withdrawing $10,000 or more from your bank, there are practical personal finance issues to consider. If you withdraw $10,000 from your bank account, bringing your balance below the minimum required for the account, you could be assessed fees and/or penalties. Further, you could lose out on significant interest if the funds are from a high-interest savings account. For example, if you put $10,000 into a SoFi High-Yield Savings Account at 4.55% interest, you would earn $1,411.66 in interest over three years, assuming the interest rate remained the same and your initial $10,000 deposit was untouched. Lastly, if the $10,000 was part of a larger emergency fund—some financial experts recommend three to six months’ living expenses—you could be jeopardizing your financial well-being. These are just a few things to consider when planning a large cash withdrawal. Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today. Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month. Click here now to get started. The post Here Is What Happens When You Withdraw Over $10,000 From Your Bank Account appeared first on 24/7 Wall St..
https://247wallst.com
- 2 days ago
SoFi Technologies (SOFI) Price Prediction and Forecast 2025-2030
SoFi Technologies (NASDAQ: SOFI) made its public debut on June 1, 2021, through a merger with a special purpose acquisition company (SPAC), Social Capital Hedsophia Holding Corp. V, led by Chamath Palihapitiya. Before the merger, the company was originally known as Social Finance, which started as a student loan financing firm before expanding into loans, and mortgage products among other finance products. After the SPAC acquisition, SoFi was equipped with substantial capital to enhance its technology stack to better scale its 2020 acquisition of Galileo. The Galileo platform was developed to deploy a wide range of financial services quickly, giving SoFi the tools to take numerous financial products to a mass market. SoFi IPO’d at $10 per share and quickly jumped 150%, but the stock has been lackluster since, now trading at $13.50 per share, down 47.63%. However, investors only care about what happens from this point on, particularly over the next 1, 3, and 5 years and beyond. Let’s crunch the numbers and give you our best guess on SoFi’s future share price. No one has a crystal ball and even the Wall Street “experts” are often wrong more than they are right in predicting future stock prices. But we give you our revenue and earnings projections as our peer-to-peer valuation. Key Points in this Article: SoFi Technologies is a premier online financial solutions platform targeting a more affluent demographic. 24/7 Wall Street projects a 30.07% upside on the stock through the end of the decade. If you’re looking for a megatrend with massive potential, make sure to grab a complimentary copy of our “The Next NVIDIA” report. The report includes a complete industry map of AI investments that includes many small caps. Recent SoFi Stock Updates and News 11/14/2024 SoFi has announced that the company’s CFO, Chris Lapointe, will participate in a fireside chat discussion during the upcoming UBS Global Technology and AI Conference on December 3rd. 11/12/2024 SoFi is modifying its robo-advisor, which will now feature an annual fee. The annual fee, which kicks in on December 10th, is designed to cover the costs of managing and maintaining the platform, as well as providing access to a team of financial advisors. 11/11/2024 SoFi’s shares increased today 8.46%, marking the fifth consecutive trading day of gains. In the past month, SoFi’s stock has increased 57%. 11/8/2024 SoFi’s stock price increased by 4.6% today, reaching a high of $12.45. Trading volume, however, was much lower than average. 11/7/2024 SoFi saw a modern 1.5% increase in its share price today, reaching a high of $12.10. Trading volume was significantly lower than average, with only 12 million shares changing hands. 11/6/2024 SoFi’s shares rose 3% today following the U.S. presidential election. 11/5/2024 SoFi’s stock price increased 5.3% today, trading as high as $11.52. 11/1/2024 Despite beating analyst estimates for both earnings and revenue in the third quarter, SoFi’s stock price initially fell. However, recently the stock price surged, possibly due to investor confusion. 10/29/2024 SoFi reported strong third-quarter results, with a 35% year-over-year increase in members to 9.4 million. While revenue growth was slightly slower at 30%, CEO Anthony Noto expressed confidence in the company’s “durable” growth trends. The company also saw improvements in credit quality, with declining charge-offs and delinquencies on personal loans. This positive trend is expected to contribute to increased net interest income, which grew 25% during the quarter. 10/28/2024 SoFi’s stock price has experienced a significant surge, reaching a 52-week high of $11.3. The stock has climbed 64.05% over the past year, outperforming many of its peers. SoFi Financials’ Recent Stock Record Here’s a table summarizing performance in share price, revenue, and profits (net income) from IPO. Share Price Revenue Net Income 2021 $12.50 $977.3 ($483.9) 2022 $15.81 $1,519.2 ($320.4) 2023 $4.62 $2,067.8 ($300.7) 2024 LTM $8.22 $2,343.5 ($113.3) *Revenue and Net Income in millions In the last 4 years, SoFi has more than doubled revenue but that top-line growth also carried a jump in total operating costs, particularly the $720 million in sales and marketing expense in 2023. However, the increases in operating costs are money well spent with in-house technology improvements and member-generating marketing spending. Chart Source: YCharts SoFi is close to hitting an inflection point in profitability and has done a stellar job of expanding revenue and improving earnings per share (EPS). As SoFi’s revenue grows, it becomes more profitable, meaning its costs per customer decrease. This scalability is important because it indicates that as the company grows, it will become even more profitable. Given that the industry is growing and SoFi is outperforming its peers, there’s strong optimism that SoFi’s earnings per share will continue to rise. Key Drivers of SoFi’s Stock Performance Expansion Financial Services: SoFi’s ambition to become a one-stop shop for financial services will likely drive future growth. The company plans to continue expanding its product lineup, including new lending products, investment options, and insurance services, which will cater to a broader range of financial needs. Bank Charter and Deposit Base Expansion: Obtaining a national banking charter allows SoFi to use its growing deposit base to fund lending operations more efficiently. This access to lower-cost funds is expected to drive net interest income growth, enhancing profitability as SoFi scales its banking operations. Cross-Selling and Customer Retention: SoFi’s strategy of cross-selling its wide array of financial products aims to increase the average number of products per customer. This integrated approach is expected to improve customer retention and lifetime value, thereby boosting overall revenue and profitability. SoFi Technologies (SOFI) Stock 1-Year Price Prediction The Wall Street consensus 1-year price target for SoFi Technologies is $9.00, which is a -33.33% downside over today’s stock price. Of the 15 analysts covering the stock, the stock is a consensus “Hold” with a 2.88 rating. (1 being a “Strong Buy” and 5 a “Strong Sell”). SoFi’s Share Price Estimates 2025-2030 Year Est. Revenue ($B) Est. Net Income ($B) Est. EPS Normalized Price to Sales Multiple Est. Market Cap ($B) 2024 $2.47 $0.164 $0.08 3.5 $8.64 2025 $2.84 $0.32 $0.21 3.5 $9.94 2026 $3.45 $0.584 $0.43 3.5 $12.08 2027 $3.79 $0.707 $0.62 3.5 $13.27 2028 $4.33 $0.902 $0.83 3.5 $15.16 2029 $4.84 $1.096 $1.02 3.5 $16.94 2030 $5.34 $1.279 $1.10 3.5 $18.69 24/7 Wall Street compared other fintech/ lenders when deciding on our price-to-sales valuation of 3.5 times for the entire time frame of our analysis. Included in the analysis were Block (NYSE:SQ), PayPal (NASDAQ: PYPL), Upstart Holdings (NASDAQ: UPST), LendingClub (NYSE: LC), and Affirm (NASDAQ: AFRM) which gives us a blending valuation of around 3.3 times sales. How SoFi Technologies’ Next 5 Years Could Play Out We expect to see revenue growth of 15.3% and EPS of $0.21 for 2025. We expect the stock to still trade at a similar multiple next year, putting our estimate for the stock price for SoFi at $9.33 in 2025, which is -30.89% higher than the stock is trading today. Going into 2026, we estimate the price to be $11.35, with revenue growth coming in at 14.2% year-over-year. With an EPS of $0.43, this would represent a -15.93% loss over today’s share price of $13.50. Heading into 2027, we expect the stock price increase not to be as pronounced, with earnings estimates of $0.62 per share. The stock price target for the year is $12.46. That is a 9.81% increase from the previous year, but still down -7.70% from today’s stock price. When predicting more than 3 years out, we expect SoFi to remain growing its top line at 12% and be more efficient, with an EPS of $0.83 suggesting a stock price estimate at $14.23 or a gain of 5.41% over the current stock price. We expect SoFi to continue its growth and to generate $1.02 per share of earnings. With a price to earnings multiple of 15, the stock price in 2029 is estimated at $15.9, or a gain of 17.78% over today’s price. SoFi Technologies Stock Price Target for 2030 We estimate SoFi’s stock price to be $17.56 per share with a 10% year-over-year revenue growth. Our estimated stock price will be 30.07% higher than the current stock price of $13.50. Year Price Target % Change From Current Price 2024 $8.11 Upside of -39.93% 2025 $9.33 Upside of -30.89% 2026 $11.35 Upside of -15.93% 2027 $12.46 Upside of -7.70% 2028 $14.23 Upside of 5.41% 2029 $15.90 Upside of 17.78% 2030 $17.56 Upside of 30.07% Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today. Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month. Click here now to get started. The post SoFi Technologies (SOFI) Price Prediction and Forecast 2025-2030 appeared first on 24/7 Wall St..
https://247wallst.com
- 2 days ago
SoFi to Participate in Upcoming Investor Conference
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced that it will participate in an upcoming investor conference. SoFi's CFO, Chris Lapointe, will participate in a moderated fireside chat discussion at the UBS Global Technology and AI Conference. Full session details for the conference appearance are as follows: UBS Global Tech.
businesswire.com
- 2 days ago
SoFi Announces Monthly Distributions on $THTA (12.00%)
NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SoFi, a leading provider of thematic and income ETFs, today announced monthly distributions on the SoFi Enhanced Yield ETF (THTA). Distribution as of 11/14/2024 ETF Ticker Distribution per Share Distribution Rate * 30-Day SEC Yield** Ex-Date Record Date Payment Date THTA $0.1913 12.00% 4.10% 11/15/2024 11/15/2024 11/18/2024 Inception date: 11/15/2023 Click here to view standardized performance for THTA.
globenewswire.com
- 2 days ago
Is SoFi a Millionaire-Maker?
Shares have soared 70% since the start of October.
fool.com
- 2 days ago
Market momentum is intact and internals are strong, says SoFi's Liz Young Thomas
Liz Young Thomas, head of investment strategy at SoFi; Drew Matus, MetLife Investment Management, chief market strategist; and Emily Leveille, Thornburg Investment Management portfolio manager, join CNBC's 'Closing Bell' to discuss market outlooks.
youtube.com
- 4 days ago
SoFi Technologies: Stellar Q3 Results, But Can They Sustain The Momentum?
SoFi's Q3 2024 results include a 35% YoY increase in new members and a 37% YoY rise in new products, with a decent improvement in revenue and EBITDA margin. Fee-based income now constitutes 25% of adjusted net revenue, making earnings more stable and less tied to interest rates. SoFi is launching fraud prevention tools and offering alternative investments like real estate and private credit.
seekingalpha.com
- 4 days ago
SoFi stock hits new high of $14.42: is it time to take profits?
SoFi Technologies Inc (NASDAQ: SOFI) touched a high of $14.42 this morning – a level that was last seen in early 2022. The financial services company has rallied over 30% since election day amidst expectations that it will benefit from a more accommodative regulatory backdrop under the new government.
invezz.com
- 5 days ago
SoFi Stock Gains More. What's Behind the Rally.
Shares of fintech SoFi Technologies are on track for their best stretch of five trading days in more than a year.
barrons.com
- 5 days ago
SoFi's stock climbs above $14 as it heads for best five-day run in over a year
The neobanking stock has been on a tear in the wake of the election.
marketwatch.com
- 5 days ago
Prediction: SoFi Technologies Will Beat the Market. Here's Why
SoFi Technologies might be the next big winner in the financial sector
fool.com
- 5 days ago
8. Profile Summary
SoFi Technologies, Inc. SOFI
COUNTRY
US
INDUSTRY
Financial - Credit Services
MARKET CAP
$ 14.8 B
Dividend Yield
0.20%
Description
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
Contact
234 1st Street, San Francisco, CA, 94105
https://www.sofi.com
IPO Date
Jan. 4, 2021
Employees
4400
Officers
Ms. Anna Avalos
Chief People Officer
Ms. Diane Tucker
Senior Vice President of Global Operations
Ms. Lauren Stafford Webb
Chief Marketing Officer
Mr. Jeremy Rishel
Chief Technology Officer
Paulina Gutierrez
Investor Relations
Mr. Stephen Simcock
General Counsel
Mr. George Thompson Hutton
Independent Non Executive Chairman
Mr. Anthony J. Noto
Chief Executive Officer & Director
Mr. Christopher Lapointe
Chief Financial Officer
Mr. Derek Jensen White
Chief Executive Officer of Galileo Financial Technologies & Head of SoFi International