Latest news with #SoFiTechnologies
Yahoo
10 hours ago
- Business
- Yahoo
Why SoFi Stock Skyrocketed by 37% in June
SoFi is growing throughout its platform, with record new members and rising profits. It recently accounced that it's adding certain cruptocurrency capabilities to its network. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) stock jumped 37% in June, according to data from S&P Global Market Intelligence. Investors were feeling good about the economy, and toward the end of the month, SoFi made an exciting announcement about cryptocurrency. SoFi started out as a loan co-operative for university students, but it didn't take long for it to expand and offer a growing number of services on its all-digital platform. It caught the wave of digital banking as it was rising, and it's been well positioned for high growth. There are many digital banking options today, but SoFi stands out because it targets a younger clientele and understands what its customers are looking for. Its platform features easy-to-use products with lots of explanation and an interface that's simple and user-friendly. It also has a strong marketing plan that reaches its customers, such as naming arenas and hosting sporting events, and it offers innovative services that open up financial services to this young population, such as access to some initial public offerings and a membership program. That's paying off in incredible growth rates. It added a record 800,000 new members in the 2025 first quarter, and it's upselling and cross-selling its loyal customer base as well, adding 1.2 million new products in the quarter. That's translating into robust earnings results. Adjusted net revenue was up 33% year over year in the first quarter, and adjusted earnings per share increased from $0.02 to $0.06. Some of the renewed interest in SoFi stock is coming from a rebound in the loan business, which is still its core segment. Loan segment revenue increased 25% over last year in the first quarter, with strength across categories, including student loans, housing loans, and personal loans. But the expanded platform continues to pull more weight. The financial services segment has been outstanding, with a 101% increase in the quarter, plus a 299% increase in contribution margin. This low-cost, fee-based segment continues to outperform. SoFi stock is rising along with the market, but it got an extra boost after it announced that it's adding new cryptocurrency-enabled features on its platform. It plans to launch international money transfers that will be as easy as sending standard digital payments, and it will do so by sending the money digitally on stable and secure blockchains. That's a concrete and useful way to leverage blockchain technology to provide real value to clients, rather than trying to get into crypto by offering risky or generic services. It makes sense that the market is applauding these efforts. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Jennifer Saibil has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why SoFi Stock Skyrocketed by 37% in June was originally published by The Motley Fool
Yahoo
15 hours ago
- Business
- Yahoo
SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, SoFi Technologies, Inc. (SOFI) was down 3.13% at $17.64. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.91%, and the technology-dominated Nasdaq saw a decrease of 0.82%. The company's shares have seen an increase of 33.21% over the last month, surpassing the Finance sector's gain of 3.03% and the S&P 500's gain of 5.17%. The investment community will be paying close attention to the earnings performance of SoFi Technologies, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.06, reflecting a 500% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $803.09 million, up 34.53% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.27 per share and revenue of $3.29 billion, indicating changes of +80% and +26.15%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.52% rise in the Zacks Consensus EPS estimate. SoFi Technologies, Inc. is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that SoFi Technologies, Inc. has a Forward P/E ratio of 66.25 right now. Its industry sports an average Forward P/E of 11.85, so one might conclude that SoFi Technologies, Inc. is trading at a premium comparatively. We can also see that SOFI currently has a PEG ratio of 3.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services was holding an average PEG ratio of 1.03 at yesterday's closing price. The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 40% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SoFi Technologies, Inc. (SOFI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
a day ago
- Business
- Yahoo
SoFi Schedules Conference Call to Discuss Q2 2025 Results
SAN FRANCISCO, July 01, 2025--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced plans to host a conference call to discuss financial and operating results for the second quarter of 2025 on Tuesday, July 29, 2025, at 8 a.m. Eastern Time. SoFi also plans to release its second quarter 2025 results on the investor relations section of its website at at approximately 7 a.m. Eastern Time on Tuesday, July 29, 2025. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONETo pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via email): WEBCAST DETAILS – AUDIO-ONLYUse this link to access the audience view of the webcast: A replay of the webcast will be made available after the call on the Investor Relations page of SoFi's website at About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 10.9 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 158.4 million global accounts. For more information, visit or download our iOS and Android apps. DisclosuresAvailability of Other Information About SoFi Investors and others should note that we communicate with our investors and the public using our website ( the investor relations website ( and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi's investor relations website and may include additional social media channels. The contents of SoFi's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. SOFI-F View source version on Contacts Investor RelationsIR@ MediaPR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
a day ago
- Business
- Forbes
SOFI Stock To $30?
CHONGQING, CHINA - APRIL 23: In this photo illustration, the logo of SoFi Technologies, Inc. is ... More displayed on a smartphone screen, with a stock market chart visible in the background, reflecting investor sentiment and recent trading activity, on April 23, 2025, in Chongqing, China. SoFi is an American online personal finance company that offers digital banking, student loan refinancing, investing, and financial planning services through its mobile-first platform. (Photo illustration by) SoFi Technologies (NASDAQ: SOFI) has been in the news recently, and for valid reasons. The stock has jumped 16% in just a week, reaching a new 52-week high of $18. What is fueling this momentum, and is there additional potential for growth? The recent surge is due to SoFi's announcement regarding the return of cryptocurrency investments on their platform later this year. This is not solely about providing crypto trading – the firm intends to utilize blockchain technology for quick international money transfers, placing itself at the crossroads of traditional finance and digital assets. The market's response has been overwhelmingly favorable, and it is easy to understand why. Crypto services could emerge as a notable revenue generator, especially as digital assets continue to achieve widespread acceptance. Nevertheless, if you prefer an upside with a more stable experience than an individual stock, think about the High Quality portfolio, which has surpassed the S&P, and achieved over 91% returns since its inception. Additionally, check out – What's Happening With WOLF Stock? Strong Revenue Growth SoFi's financial performance has been remarkable, particularly in comparison to broader market indices: These figures present a compelling growth narrative that greatly surpasses the overall market. The Bigger Picture: Looking Ahead to 2027 Here's where the investment perspective becomes intriguing. We anticipate SoFi's revenues will expand by approximately 21% annually, surpassing $5 billion by 2027 – essentially doubling from the estimated $2.6 billion in 2024. However, here's the catch: these estimates do not even include the prospective boost from the new cryptocurrency offerings. To provide perspective, Robinhood generated $626 million in crypto trading revenue in 2024 with around 24 million users. With SoFi's 8.5 million members and a generally higher net worth customer base, capturing even a small portion of Robinhood's per-user crypto revenue could contribute an additional $150-300 million per year to SoFi's revenue within just a few years. This indicates that actual growth could significantly exceed current projections. Valuation: The 80% Upside Scenario Currently priced at $18, SoFi has a price-to-sales ratio of 7.3x based on the trailing twelve-month revenue. This is slightly above its four-year average of 5.5x, reflecting growing optimism about crypto services and potential improvements in interest rates. Now, if SoFi's revenues increase 2.5 times over the next three years (better than the forecasted 2 times), the P/S multiple will reduce to 3.1x from its current level, assuming the stock price remains constant, correct? But that's what SOFI's investors are banking on not occurring! If revenues expand 2.5 times over the coming years, instead of the P/S declining from around 7.3x presently to about 3.1x, a scenario where the P/S metric contracts more gently, perhaps to around 5.5x, appears more viable (within the typical fintech range of 4x-7x and SOFI stock's own historical norm). At 5.5x price-to-sales, SoFi's share price would climb to approximately $33, representing an 80% increase from current levels. The reasoning is simple: as revenues rise significantly, even if the valuation multiple compresses slightly, the absolute stock price should experience a notable ascent. Risks to Consider Before getting too enthusiastic about the potential upside, let's discuss the important risks. This pattern of volatility indicates the stock could experience significant challenges during periods of market stress. The Bottom Line SoFi offers an appealing investment opportunity with a legitimate 80% upside potential, propelled by strong revenue growth and the forthcoming launch of its crypto platform. The company's history of outperforming market growth rates is noteworthy, and the integration of cryptocurrency could speed up this trend. However, investors should be fully aware of the associated risks. Sensitivity to interest rates, competitive pressures, and the stock's tendency for increased volatility during market downturns are genuine concerns that could affect returns. Now, we implement a risk assessment framework while assembling the Trefis High Quality (HQ) Portfolio which, comprising 30 stocks, has a proven track record of comfortably outperforming the S&P 500 in the past four years. What accounts for this? As a group, HQ Portfolio stocks have shown better returns with lower risk compared to the benchmark index; creating a less tumultuous investment experience, as demonstrated in HQ Portfolio performance metrics.
Yahoo
2 days ago
- Business
- Yahoo
Should You Buy SoFi While It's Below $20?
SoFi shares have more than doubled in the past 12 months despite heightened volatility. Management continues to push the business forward with new product launches. Investors who are concerned about the valuation should think about SoFi's earnings trajectory. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) hasn't been an easy stock to own, with the price bouncing up and down. Case in point: Its 52-week high is 206% above its 52-week low. However, shares have soared 154% in the past 12 months (as of June 26). The market is warming up to this digital banking leader. This fintech stock is extremely volatile, which might continue to be the case. But shares still trade well below $20. Should investors add SoFi to their portfolios at these levels? SoFi has found tremendous success by focusing on providing a superior user experience to its customer base. This means leveraging data, technology, and the internet to make it extremely easy to manage one's finances. It helps that the business isn't bogged down by outdated infrastructure or physical bank branches. This makes it easy to put the customer first. With that in mind, SoFi has prioritized constantly innovating. For instance, in March 2023, the company introduced FDIC insurance on up to $2 million in deposits by partnering with other financial institutions. This is eight times the standard $250,000 that's typically insured. SoFi's deposit base soared from $1.2 billion at the end of the first quarter of 2022 to $27.3 billion now, a phenomenal growth rate. Recently, SoFi announced plans to tap the global remittance market. Later this year, customers will be able to use Zelle, ACH, stablecoins, or other methods to send money across borders. The business says that funds will be transferred via blockchain networks, and that the process will be cheaper and faster than the traditional systems widely used today. After shutting down the service in December 2023 to comply with regulations, SoFi is reintroducing cryptocurrency trading on its platform. And there are plans to seriously expand the offerings down the road. "Over time, SoFi intends to offer stablecoins and a wide range of other services, such as providing members the ability to borrow against their crypto assets, expanding payment options, and introducing new staking features, as well as blockchain and digital asset infrastructure capabilities for other companies offered by Galileo, SoFi's technology platform," the press release reads. These planned initiatives should keep the growth engine rumbling. SoFi has a history of strong customer and revenue gains. I see no reason why that won't continue in the years ahead. This stock has crushed the market in the past year, as momentum remains hot for SoFi among investors. But for those who have been on the sidelines, don't let that outperformance discourage you. I don't believe investors have missed the boat. Executives think the bottom line is on an impressive upward trajectory. SoFi reported a $0.10 adjusted earnings per share (EPS) loss in 2023, a major improvement from the year before. But by 2026, the leadership team predicts positive $0.68 (at the midpoint). In the years after that, the forecast is for annualized growth of between 20% and 25%. The combination of rapid revenue gains and a scalable business model makes it easy to be bullish. SoFi has exceeded Wall Street's EPS expectations in the last 11 straight quarters. Clearly, management has a history of under-promising and over-delivering. This gives me confidence that the company will hit its long-term profit targets, and maybe even surprise to the upside. As of June 26, the stock trades at a P/E ratio of 39.8. On the surface, this obviously doesn't look like a bargain deal. After all, the S&P 500 index is about 40% cheaper. However, if you believe, like I do, that profits will increase substantially in the years ahead, then SoFi looks like a no-brainer buy below $20 per share. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy SoFi While It's Below $20? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
