I have to tell you, I've been bullish about the company for a long time — I most recently said it was the ultimate long-term winner on May 9 — but I can definitely understand Cramer's thoughts about the fintech. Now is not the time to go out on a limb. Here's why. Since then, it generated proceeds of approximately $101 million from the sale of 4.68 million shares in November 2021, and $135 million from the June 13 sale that closed out its holdings in the fintech. "Right now, that last quarter was not great. ...

Fintech company and digital bank SoFi Technologies (SOFI 1.07%) can't catch a break. The stock has tumbled and is near a 52-week low and is a whopping 75% off its all-time high. Stocks can go up or down for whatever reason in the short term but tend to follow the direction of the underlying business over time. Starting with the obvious The most obvious success of SoFi's business is how much it seems to resonate with users. SoFi has demonstrated consistently robust member growth, from just over 1 million mem ...

Like many IPOs in the 2021 boom, SoFi stock skyrocketed on little more than investor enthusiasm, and it's down 74% from its highs. It continues to be volatile, doubling last year but down 36% year to date. SoFi is all digital, and users can manage most of their transactions with a few swipes and clicks. It was created to meet the needs of students and now also targets young professionals. It added 622,000 new members in the 2024 first quarter for a total of 8.1 million. This was a 35% increase over last yea ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as w ...

SOFI -0.09 (-1.38%) $11.70 It isn't common for Wall Street to take a second look at beaten-down stocks, as analysts would risk not only their reputations but also their jobs if they dared boost ratings on a stock with bearish momentum attached to it. Today, some investors with the need for a thrill may want to look into shares of SoFi Technologies Inc. NASDAQ: SOFI, which are trading down to only 55% of their 52-week high prices. Despite trading at such low valuations, the company's underlying fundamentals ...

SoFi (SOFI -1.38%) has consistently produced impressive growth, but unfortunately, it hasn't yet translated into gains for investors. With the stock at a 52-week low, Fool.com contributors Matt Frankel and Tyler Crowe examine the banking disruptor to decide whether it could be worth a closer look right now. *Stock prices used were the morning prices of June 24, 2024. The video was published on June 25, 2024. The banking disruptor is at a 52-week low. Here are the arguments for and against it. ...

The most recent trading session ended with SoFi Technologies, Inc. (SOFI) standing at $6.45, reflecting a -1.38% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.09%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.08 per share and revenue of $2.39 billion, indicating changes of +122.22% and +15.19%, respectively, compared to the previous ...

Of course, if it were easy to truly disrupt massive institutions like JPMorgan Chase and Bank of America, someone would have done it already. And many investors are understandably wary of a company that would try. Let's start on a positive note. There is a lot to like about SoFi's progress so far and its future potential. Here are two things in particular that I'm excited about. It is more cost-effective for a bank to fund its lending activities with deposits instead of borrowing money. SoFi's deposit base ...

One big consumer pain point that causes hesitation to even apply for a credit card is the high interest rates that come with them. As of this writing, the average credit card interest rate is about 25% in the United States. Instead of offering an introductory 0% "teaser" rate, maybe a product with a low permanent interest rate for highly qualified customers could be a hit. We don't know for sure what SoFi's exact growth plans our. But management has made it clear that this is going to be a focus area. Despi ...

syahrir maulana/iStock via Getty Images Intro & Thesis I initiated coverage of SoFi Technologies, Inc. (NASDAQ:SOFI) in January 2024 with a "Buy" rating, highlighting the company's long-term growth potential through the synergistic effect of combining traditional finance and banking activities with fintech innovation. Since my initial bullish thesis, the stock is up more than 17%, half the gain of the S&P 500 (SP500) (SPX) over the same period (amid a higher volatility due to a significant beta). Also, sinc ...