But after SoFi stock soared in 2023, it's tanking this year. Is it in bargain territory now? And could adding it now help investors build a millionaire-maker portfolio? What helps it stand out from the other digital banks proliferating today is its focus on students and young professionals. It designs its products to be appealing to customers in those demographics, with clear graphics and explanations for people who are novices in the arena of managing their own finances. SoFi takes them by the hand and wal ...

The CEO is buying stock on the open market. *Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024. Insiders will sell stocks for a lot of reasons, but they only buy stocks because they're bullish on a company. That's why the recent purchase of stock by SoFi (SOFI -0.62%) CEO Anthony Noto is such a big deal. Travis Hoium covers why he may be buying in this video. ...

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 ...