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 ...

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 ...