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 (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 ...

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, ...