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 ...

I was wrong about SoFi Technologies (NASDAQ:SOFI) stock. After three years of waiting for a return on my investment, I sold my shares recently, at a loss.The stock currently sells at about $7/share. If you got in a year ago, when it traded near $5, you’re in great shape. But I’d still recommend you sell it.Here’s why.SoFi Stock and Consumer BankingSoFi has evolved into a consumer bank. Its main business is taking deposits and making loans, for houses, for education, and for other life expenses.This can be a ...

SoFi Technologies (NASDAQ:SOFI) is once again one of today’s top movers for all the wrong reasons. Shares of the fintech stock are down another 4% in today’s session after SOFI stock plunged roughly 10% yesterday following the company’s earnings report.Today’s move appears to be tied to a key downgrade from Deutsche Bank analyst Mark DeVries, who lowered his price target on the stock to $11 from $12. This analyst did maintain a “hold” rating, but it’s clear that Wall Street is souring on the up-and-coming f ...

Key TakeawaysSofi Technologies gave lower-than-expected current quarter guidance as it sees 2024 as a "transitional year."The fintech firm will rely more on profits from its Tech and Financial Services platforms and less on lending.The news offset solid profit and sales in the first quarter, and a higher full-year outlook. SoFi Technologies (SOFI) shares plunged Monday after the financial tech (fintech) firm gave worse-than-expected current quarter guidance and called 2024 a period of change. SoFi fell 10.4 ...

Investors in SoFi Technologies (NASDAQ:SOFI) have certainly had it rough over the past year. Shares of SOFI stock are down more than 25% year-to-date (YTD), vastly underperforming most of the firm’s tech peers. Since yesterday’s close alone, SOFI stock has dipped more than 10% as of this writingThis move comes after the company released its first-quarter earnings report. While the company beat on the top and bottom line, investors seem to be focusing more intently on its forward guidance. SoFi brought in EP ...

At 14 times predicted 2026 earnings, the stock looks cheap.Shares of SoFi Technologies (SOFI -9.28%) nose-dived 9.9% through 12:15 p.m. Monday even after the company reported an earnings beat this morning.Heading into the first quarter of 2024, analysts forecast SoFi would earn just $0.01 per share on $556 million in quarterly sales. In fact, profits were twice what were expected at $0.02 per share, and sales came in strong at $645 million. But the stock is still down.The first-quarter earnings reportSales ...

Key PointsSOFI stock is down sharply despite delivering a mostly solid earnings report. Weak revenue guidance and high short interest give the bears the upper hand in keeping SOFI stock under pressure.The company’s digital-only business model has been expensive, but much of that investment is paid, which could lead to more robust growth in coming quarters.  5 stocks we like better than SoFi TechnologiesSoFi Technologies Inc. NASDAQ: SOFI posted solid first quarter numbers and raised its full-year 2024 guida ...

SoFi Technologies, Inc (NASDAQ:SOFI) Q1 2024 Earnings Call Transcript April 29, 2024 8:00 AM ET Company Participants Maura Cyr - IR Anthony Noto - CEO Christopher Lapointe - CFO Conference Call Participants John Hecht - Jefferies Mark Devries - Deutsche Bank Dan Dolev - Mizuho Kyle Peterson - Needham & Company Reginald Smith - J.P. Morgan Peter Christiansen - Citigroup Jeffrey Adelson - Morgan Stanley Mihir Bhatia - Bank of America Terry Ma - Barclays Jill Shea - UBS Operator Good morning. My name is Jordan ...