The stock's plunge may not be warranted. SoFi Technologies (SOFI 5.06%) recently shifted from a hyped-up growth stock to a profitable fintech powerhouse. Some investors took their gains as SoFi reached its goal of profitability, and SoFi stock is down 30% this year. It's now trading below $7 and close to its lowest-ever levels. Is SoFi stock ever going back up? Or should you avoid it? Growth + profits = a great business SoFi is an all-digital financial services app that offers lending, banking, and other se ...

Positive Earnings and the SOFI Stock Outlook SoFi recently released their excellent Q1 2024 results. The company reported 37% revenue increase and a positive net income. Although the stock remains 72% below its peak, SoFi's growth potential goes beyond sales and earnings, making it a promising value stock to own in the long-term. Sectors such as its Financial Services and Technology Platforms drove SoFi's growth. It contributed 42% of its net revenue, shifting to a more balanced revenue mix. Moreover, the f ...

Over the past month, shares of this company have returned -0.1%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Technology Services industry, which SoFi Technologies falls in, has gained 1.6%. The key question now is: What could be the stock's future direction? SoFi Technologies, Inc. (SOFI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Al ...

SoFi's recent plunge in the days following its earnings announcement could be an excellent dip-buying opportunity for long-term investors.SoFi Technologies (SOFI -1.70%) recently reported solid first-quarter earnings as its lending business slowed, while two of its newer revenue streams boosted it. The company beat analysts' estimates and raised its annual earnings guidance, but that didn't stop the stock from falling more than 10% after its announcement. The dip could prove to be an opportunity for long-te ...

This fast-growing digital bank deserves a closer look from investors.SoFi Technologies (SOFI -1.70%) just reported solid 2024 first-quarter results. Revenue jumped 37% year over year, and the digital-banking provider posted its second straight positive-net income. These are encouraging signs.Nonetheless, the fintech stock remains about 72% off its peak price (as of May 6). Investors looking to score huge long-term returns might have their eyes on this business, especially as it has potential to continue gro ...

Dilok Klaisataporn I last wrote about SoFi Technologies (NASDAQ:SOFI) on February 5, 2024, several days after it jumped around 20% in response to great earnings and almost immediately dropped back to its previous price before reporting its fourth-quarter 2023 results. I had recommended a buy following that pullback. SoFi reported its most recent results, first quarter 2024 earnings, on April 29, before the bell, and the results looked great. The company beat analysts' revenue estimates by 3.6% and beat anal ...

SoFi stock is down nearly 30% so far this year.Financial services businesses aren't exactly the most exciting. However, banks and brokerage stocks have proven to be solid investment choices over a long-term horizon.In fact, billionaire investor Warren Buffett has held positions in financial services companies, including American Express, Visa, Mastercard, and Bank of America, for years. The main reason for his conviction is that despite the mundane nature of these businesses, they tend to generate steady ca ...

Is the market right, or is a Wall Street analyst right?SoFi Technologies (SOFI -0.78%) -- the online bank that went public in 2021 -- has moved past its origins as a lending cooperative and its status as a hyped-up initial public offering (IPO) stock. It's been demonstrating profitable growth at scale and has huge long-term opportunities. So why is its stock down 30% this year?Let's see what's going on, and why one Wall Street analyst still sees more than 70% upside over the next year or so.Another great qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39606 SoFi Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 234 1st Street San Francisco, California (Address of principal executive offices) ...

SoFi’s (NASDAQ:SOFI) most prominent insider buyer is back after a roughly six-month hiatus. CEO Anthony Noto, who made his last insider purchase on Nov. 21, just disclosed purchasing 28,775 shares worth $198,548. These shares were purchased at an average price of $6.90 per share.Noto has now purchased a total of $1.14 million worth of SOFI stock during the past year. During the past two years, his purchases have amounted to $12.46 million. It’s also worth noting that Noto hasn’t sold a single share of SOFI ...