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Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than t ...

CEO Insider Transactions - SoFi CEO Anthony Noto purchased 28,900 shares worth approximately $200,000 at an average price of $6 91 per share, bringing his total ownership to 8 06 million shares [1] - This is the second purchase by Noto in May, with the first being 28,775 shares worth about $200,000 at an average price of $6 90 per share [1] - Noto has not sold any shares since SoFi's SPAC merger in June 2021, and his total purchases amount to $14 48 million [3] - The purchases were not part of a prearranged 10b5-1 plan, indicating spontaneous buying and a strong belief in the company's upside potential [2] Insider Activity Overview - Since the merger, SoFi insiders have purchased $15 74 million worth of shares, with the majority attributed to Noto, while selling $1 09 billion, resulting in a net total of $1 08 billion in sales [4] Analyst Sentiment and Company Performance - Wall Street analysts have an average price target of $9 23 for SoFi, implying nearly 35% upside potential [4] - Keefe, Bruyette & Woods reiterated a price target of $7 50 and a "market perform" rating, noting that SoFi has been able to sell more personal loans in the past two quarters, reducing credit risk [5] - SoFi's loan balance stands at $15 1 billion, which is still high relative to loan sales, indicating room for improvement [5]

Usually, when the mention of insider trading comes up, trades think of sales worth millions, but this is not the case with SoFi Technologies (NASDAQ: SOFI) and its CEO, Anthony Noto, who has consistently bought large amounts of SOFI stock. In his latest filing on May 23, Noto disclosed the purchase of an additional $200,000 worth of SOFI shares at an average price of $6.91 for the total of 8,062,269 shares owned, worth approximately $55 million. | | Table I - Non-Derivative Securities Acquired, Disposed of, ...

SoFi (NASDAQ:SOFI) stock is down by about 30% so far this year. That comes despite an impressive first- quarter earnings report that saw revenue grow by 37% year-over-year (YOY) to $645 million. Meanwhile, diluted EPS attributable to common stockholders was 2 cents compared to a loss of 5 cents a year ago. In other words, SoFi is profitable — a key goal for any publicly traded company. The SOFI stock bears argue that the company should be valued as a bank. SoFi announced in January 2022 that the Office of t ...

The company exceeded market estimates two consecutive times in a row, especially its Financial Services and Technology Platforms. These segments saw significant sales growth, emphasizing SoFi's diversified revenue streams beyond lending. Its SoFi's earnings report revealed a 26% year-over-year increase in net sales, with its financial services segment soaring by 33%. The company maintained a solid top line despite concerns about high interest rates. Losing over 18% of its value because of a challenging mark ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

SoFi Technologies Financial Performance - SoFi Technologies reported GAAP earnings per share of 2 cents, beating forecasts of 1 cent per share [3] - Net revenue for the quarter was $580.65 million, moderately ahead of consensus [3] - Year-over-year growth: net revenue up 26%, adjusted EBITDA up 91%, tangible book value up 28% [4] - Membership growth of 44% and total products growth of 38% compared to Q1 2023 [4] - Company slightly raised full-year revenue and earnings guidance [4] Market Sentiment and Concerns - Despite strong results, SoFi Technologies stock continues to slump with bearish market sentiment [1] - 17.6% of float sold short, indicating Wall Street's downside risk perception [2] - Lending revenue declined during the quarter [5] - Updated guidance for current quarter fell short of expectations [5] - Concerns persist about credit quality and loan accounting practices [5] Analyst Perspective and Future Outlook - Mizuho's Dan Dolev maintains $12 per share price target, citing encouraging signs in delinquent loan sales and lending growth prudence [6] - Sell-side forecasts predict EPS to nearly triple next year to 23 cents, with high-end 2025 forecasts at 36 cents [7][8] - Potential for earnings to scale up to $1 per share in a few years, compared to current $7.30 share price [10] - Operating leverage likely to drive exponential earnings growth, making current 88.3x forward earnings multiple potentially justified [9] Business Growth and Opportunities - Non-lending business segments continue to grow at above-average rates [7] - Company has reached profitability point, where incremental revenue growth will have outsized impact on earnings [7] - Macro normalization by 2025 could pave way for lending growth resurgence [8] - Positive developments could drive stock price substantially higher [8]

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy. ...