It hasn't been a pleasant ride for SoFi Technologies (SOFI -5.00%) investors. As of this writing, the shares trade about 74% below their all-time high. With the shares now trading for less than $7, is SoFi stock worth buying? To find out, let's consider both the bear and bull cases. When analyzing financial services businesses, I am always reminded of just how intensely competitive the industry is. Basic products and services -- like checking and savings accounts, brokerages, credit cards, and various types ...

More fundamentals-focused investors remain worried about SoFi's valuation, financial health, not to mention skeptical about its long-term prospects. SoFi is far from an under-the-radar, little-known company, but it can often blend into the woodwork, garnering little attention from the financial press or from investors. In my last article on SoFi Technologies (NASDAQ:SOFI), I discussed how SOFI stock is misunderstood by the market. Nearly a month later, this unfortunately remains the case. Yet while SOFI sti ...

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The QIA did just that, as it submitted a Form 4 this morning showing that it had sold all 19.84 million shares on June 13. The shares were sold at an average price of $6.78, while the total sale was worth $134.51 million, leaving QIA with zero shares. The QIA first invested in SoFi in 2019, contributing $500 million at a $4.3 billion valuation. SoFi currently has a market capitalization of about $6.8 billion. However, it's very clear that SOFI has been a disappointing investment. Shares have fallen by 33% y ...

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We are living in a digitally powered economy. This includes banking and consumer lending. Companies such as SoFi Technologies (SOFI 1.00%) have attracted millions of customers with their online-only consumer banks that offer time-saving features and higher interest rates on deposits than the big banks. The company now has over 8 million members, up from 1 million in 2020. Growing quickly, finally profitable The most important moneymaker for SoFi is its lending division. It focuses on personal consumer loans ...

SoFi Technologies, Inc. (NASDAQ:SOFI) Mizuho Technology Conference Call June 12, 2024 9:55 AM ET Company Participants Chris Lapointe - Chief Financial Officer Conference Call Participants Dan Dolev - Mizuho Securities Dan Dolev Good morning. I am Dan Dolev. I am the Research Analyst here covering Payments and IT services, not alone, Sean covers IT services with me. And I am very pleased to have Chris Lapointe, the CFO of SoFi with me, my friend. And Chris joined SoFi from Uber. Well, I didn't know that, whe ...

SoFi Technologies (SOFI -1.27%) has taken its investors on a disappointing journey. Shares of this digital banking pioneer are currently 74% off their peak price, and they have tanked 32% just this year (as of June 4). That's hugely worrying when you see that the Nasdaq Composite Index is up 12% in 2024. Innovation happens at a rapid pace in today's internet-driven economy, even in industries that have been around for a long time, such as financial services. By focusing on providing an exceptional user expe ...

Fintech is no longer just a trend, but the future standard for finance. Because of their tech-savvy customer base, many major companies persist in investing in financial technology structures. SoFi Technologies (NASDAQ:SOFI), an early all-digital bank, has garnered investor interest for its unique offerings and SOFI stock may yet benefit SoFi stock falls into a unique category, where achievements are met with skepticism. It transitioned from online lending to banking, achieving profitability, yet faces pers ...

The most recent trading session ended with SoFi Technologies, Inc. (SOFI) standing at $6.72, reflecting a -0.74% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.15%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.17%. Coming into today, shares of the company had lost 5.45% in the past month. In that same time, the Business Services sector gained 0.12%, while the S&P 500 gained 3.2%. The investment community will be p ...