Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as w ...

SOFI -0.09 (-1.38%) $11.70 It isn't common for Wall Street to take a second look at beaten-down stocks, as analysts would risk not only their reputations but also their jobs if they dared boost ratings on a stock with bearish momentum attached to it. Today, some investors with the need for a thrill may want to look into shares of SoFi Technologies Inc. NASDAQ: SOFI, which are trading down to only 55% of their 52-week high prices. Despite trading at such low valuations, the company's underlying fundamentals ...

SoFi (SOFI -1.38%) has consistently produced impressive growth, but unfortunately, it hasn't yet translated into gains for investors. With the stock at a 52-week low, Fool.com contributors Matt Frankel and Tyler Crowe examine the banking disruptor to decide whether it could be worth a closer look right now. *Stock prices used were the morning prices of June 24, 2024. The video was published on June 25, 2024. The banking disruptor is at a 52-week low. Here are the arguments for and against it. ...

The most recent trading session ended with SoFi Technologies, Inc. (SOFI) standing at $6.45, reflecting a -1.38% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.09%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.08 per share and revenue of $2.39 billion, indicating changes of +122.22% and +15.19%, respectively, compared to the previous ...

Core Viewpoint - SoFi is positioning itself as a significant disruptor in the banking industry, aiming to replace traditional banking relationships while facing challenges such as high default rates and slowing growth in key areas [4][11]. Group 1: Company Progress and Potential - SoFi's deposit base has grown significantly from zero in early 2022 to nearly matching its loan portfolio, enhancing cross-selling opportunities and reducing customer acquisition costs [3]. - The platform has surpassed 8 million members in Q1 2024, up from fewer than 2 million at the start of 2021, reflecting a year-over-year growth rate of 44% [5]. - The credit card business is seen as a potential growth driver, with management in "full investment mode" to expand its portfolio [6]. - The ratio of financial products to loans has increased from 4.1-to-1 in 2022 to 5.9-to-1 today, indicating a shift towards more diverse financial offerings [13]. Group 2: Challenges and Caution - SoFi's net charge-off (NCO) ratio on personal loans was 3.5% in Q1 2024, which is higher than expected, especially when compared to American Express's 2.1% [16]. - Default rates are trending higher, with the NCO rate increasing by about 50 basis points compared to Q1 2023, which could impact margins if it continues to rise [8]. - Growth rates are slowing, with the total number of products growing by only 38% in Q1, the slowest pace since going public, and sequential revenue decline compared to Q4 [9][17]. Group 3: Valuation and Future Outlook - Management has guided for earnings per share of $0.55 to $0.80 by 2026, with anticipated annual EPS growth of 20% to 25% thereafter, suggesting attractive valuation for long-term investors [18].

One big consumer pain point that causes hesitation to even apply for a credit card is the high interest rates that come with them. As of this writing, the average credit card interest rate is about 25% in the United States. Instead of offering an introductory 0% "teaser" rate, maybe a product with a low permanent interest rate for highly qualified customers could be a hit. We don't know for sure what SoFi's exact growth plans our. But management has made it clear that this is going to be a focus area. Despi ...

But after SoFi stock soared in 2023, it's tanking this year. Is it in bargain territory now? And could adding it now help investors build a millionaire-maker portfolio? What helps it stand out from the other digital banks proliferating today is its focus on students and young professionals. It designs its products to be appealing to customers in those demographics, with clear graphics and explanations for people who are novices in the arena of managing their own finances. SoFi takes them by the hand and wal ...

The CEO is buying stock on the open market. *Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024. Insiders will sell stocks for a lot of reasons, but they only buy stocks because they're bullish on a company. That's why the recent purchase of stock by SoFi (SOFI -0.62%) CEO Anthony Noto is such a big deal. Travis Hoium covers why he may be buying in this video. ...

SoFi Technologies, Inc. (SOFI) is currently benefiting from a robust top line and sustained profitability as it continues to grow its member base. Zacks Rank & Stocks to Consider The company's earnings for 2024 and 2025 are expected to increase more than 100% year over year. SOFI has a long-term (three to five years) expected earnings growth rate of 51.1%. Revenues for 2024 and 2025 are expected to increase 15.5% and 17.5%, respectively, year over year. Factors That Bode Well SOFI currently carries a Zacks ...

Since SOFI stock began trading publicly, insiders have sold $1.22 billion of shares while buying $16.13 million of shares for a net amount of $1.21 billion of shares sold. Noto has been responsible for $14.88 million of the purchases, or 92% of the insider buys. He also hasn't sold a single share on the open market. Noto's purchase is quite interesting and timely, as SoFi's former fourth-largest shareholder reported that it sold its entire stake last week. In 2024, Noto has now purchased SOFI stock on four ...