Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
04 January 2021Website:
http://www.sofi.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:59 GMTDividend
Analysts recommendations
Institutional Ownership
SOFI Latest News
SoFi's near term technicals are strong as the chart indicates it is in both an accelerated and more modest uptrend. Its longer term technicals are a bit more mixed but the key signal is that the stock has just recently broken out of a long term downtrend line. SoFi's earnings results have been strong as revenue trends in the right direction and EPS makes further moves into positive territory.
The company has more than a few levers it can pull for growth.
SoFi Technologies exceeded profit expectations in 3Q24, gaining 756,000 new members and raising its EBITDA forecast for the third time. The Financial Services segment grew its contribution profit by nearly 3,000% YoY and saw a 66% increase in net interest income. Although SoFi's forward profit multiple is high at 38.4x, the fintech's strong growth profile, with anticipated profit growth of 145% YoY next year, justifies this valuation.
SoFi Technologies (SOFI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Cathie Wood has quietly built a large position in fintech darling SoFi Technologies.
This hot fintech stock was nearly cut in half after its public debut.
This excellent stock has a long growth runway, and it's sustainably profitable.
The financial services company is expanding the services it offers, which is creating more value for customers.
Shares of SoFi fell yesterday after the company reported earnings.
Financial services are becoming a massive business for SoFi, but that's not the only growing segment.
What type of business is SoFi Technologies?
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. It offers personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform with financial services customers. In addition, it provides SoFi Money offers checking and savings accounts, debit cards, and cash management products; and SoFi Invest, a mobile-first investment platform that provides access to trading and advisory solutions, such as investing and robo-advisory. Further, the company offers SoFi Credit Card that provides cash backs on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect, which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees' behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and sells loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.
What sector is SoFi Technologies in?
SoFi Technologies is in the Financial Services sector
What industry is SoFi Technologies in?
SoFi Technologies is in the Credit Services industry
What country is SoFi Technologies from?
SoFi Technologies is headquartered in United States
When did SoFi Technologies go public?
SoFi Technologies initial public offering (IPO) was on 04 January 2021
What is SoFi Technologies website?
https://www.sofi.com
Is SoFi Technologies in the S&P 500?
No, SoFi Technologies is not included in the S&P 500 index
Is SoFi Technologies in the NASDAQ 100?
No, SoFi Technologies is not included in the NASDAQ 100 index
Is SoFi Technologies in the Dow Jones?
No, SoFi Technologies is not included in the Dow Jones index
When was SoFi Technologies the previous earnings report?
No data
When does SoFi Technologies earnings report?
Next earnings report date is not announced yet