Streetbeat News

SOFI

SoFi Technologies, Inc.

https://www.sofi.com

Industry

Financial - Credit Services

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.

Open

13.22

Mkt cap

15B

Volume

48M

High

13.70

P/E Ratio

113.58

52-wk high

14.44

Low

13.08

Div yield

N/A

52-wk low

6.01

SoFi Technologies, Inc. (NASDAQ:SOFI) shares rose on Monday with a trading volume of 22.823 million, below the 100-day average. The stock is trading near the upper end of its 52-week range, and recent options trading shows a bullish sentiment. Soros Fund Management added 300,000 shares of SoFi in Q2 2024.

Portfolio Pulse from Vaishali Prayag

August 19, 2024 | 6:19 pm

Soros Fund Management's Q2 2024 13F filing reveals new positions in several companies, including ChampionX, Alibaba, JD.com, NextEra Energy, Humana, Snowflake, Super Micro Computer, Texas Instruments, Akamai, and SoFi.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:31 pm

High-rolling investors have shown a bullish stance on SoFi Techs (NASDAQ:SOFI) through significant options trading activity. Benzinga's options scanner identified 8 trades, with 62% being bullish. The trades suggest a price range between $5.0 and $10.0 for SOFI. The stock is currently priced at $6.49, down 0.76%, with neutral RSI indicators. Analysts have mixed ratings with an average target price of $8.75.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 4:16 pm

Needham analyst Kyle Peterson has reiterated a Buy rating on SoFi Technologies (NASDAQ:SOFI) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:22 am

Shares of companies within the broader financial sector are trading lower amid overall market weakness following weak US jobs data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:05 pm

Goldman Sachs analyst Michael Ng has reiterated a Neutral rating on Sofi Technologies Inc (NASDAQ:SOFI) with a price target of $7.50. Ng noted that Sofi Technologies upgraded its full-year net income outlook and expects adjusted EBITDA margins to improve. The company's lending revenue and personal loan originations beat estimates, and deposits continue to grow. However, the outlook for the Tech Platform segment has been lowered. Ng increased his revenue and EPS estimates for fiscal years 2024, 2025, and 2026.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 7:03 pm

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher after the company reported strong Q2 results, with earnings of 1 cent per share and quarterly sales of $599 million, beating estimates. Revenue increased 22.54% year-over-year, and total members rose 41%. The company raised its full-year revenue guidance, and analysts have a positive outlook with a price target of $10.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 5:17 pm

In the past three months, four analysts have provided ratings for SoFi Techs (NASDAQ:SOFI), ranging from bullish to bearish. The average 12-month price target is $8.75, down 6.72% from the previous $9.38. Key analysts include Kyle Peterson from Needham, who maintains a 'Buy' rating with a $10.00 target, and Terry Ma from Barclays, who lowered his rating to 'Equal-Weight' with an $8.00 target.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 1:01 pm

Needham analyst Kyle Peterson reiterates a Buy rating on SoFi Techs (NASDAQ:SOFI) and maintains a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:46 am

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

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