Stock FAQs

why is sofi stock up today

by Deanna Robel Published 2 years ago Updated 2 years ago
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Why is Sofi stock down 34 percent since June 1?

May 04, 2022 · Why Is SOFI Stock Soaring Today? In addition to the aforementioned macro catalyst, there’s a company-specific driver that’s sending SOFI stock higher.

Why is Sofi so successful?

May 06, 2022 · SoFi stock climbs 15% after FY2022 guidance tops consensus SA News Tue, Mar. 01 50 Comments SoFi Technologies GAAP EPS of -$0.15 beats by $0.01, revenue of $279.88M beats by $0.41M

Is Sofi's stock close to the bottom?

Oct 11, 2021 · Why SoFi Shares Are Trading Higher Today. SoFi Technologies Inc (NASDAQ: SOFI) shares are trading higher after Morgan Stanley initiated coverage on the stock with an Overweight rating, stating ...

Why are affirm and Sofi taking the hit?

Find the latest SoFi Technologies, Inc. (SOFI) stock quote, history, news and other vital information to help you with your stock trading and investing.

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Is SoFi being shorted?

In Q1 of 2022, SOFI received its bank charter and acquired Technisys, which will both play critical roles in SOFI's future. Despite receiving the bank charter, SOFI became one of the most shorted stocks as 21.4% of its shares were shorted as of 2/28/22.Mar 22, 2022

Is Sofi technologies a good stock to buy?

In October 2021, SoFi was trading at 7.2 times sales. Today, the company pegs a price-to-sales multiple of 5.4. Fundamentally speaking, the slump in valuation is staggering considering SoFi's 63% growth in 2021 and projected expansion above 50% in the upcoming year.Apr 22, 2022

What is a fair price for SoFi stock?

Analysis. SoFi Technologies's fair value is $12.26.

Is SoFi a competitor to Robinhood?

SoFi Invest and Robinhood are two platforms designed for the next generation of investors. Both aim to provide an extremely user-friendly and low-cost experience for their customers, and both are largely app-based platforms. However, there are some major differences.

Who bought SoFi stock?

In the last three months alone, between SoFi directors and CEO Anthony Noto himself, some $8.87 million worth of SoFi shares have been bought by insiders. It seems SoFi higher-ups are doing everything possible to take advantage of the company's 65% dip since November of last year.Apr 11, 2022

Is SoFi a good company?

SoFi has received an A+ rating with the Better Business Bureau. The BBB uses a grade range of A+ to F when evaluating company trustworthiness and considers a number of factors — including customer complaint history, licensing and government actions, and advertising issues — when reaching a final rating.Apr 28, 2022

Is SoFi stock overvalued?

SoFi updates the market that for reasons outside of its control, its heavily adjusted EBITDA will be worse than expected in 2022. The highly acquisitive SOFI is now overvalued for what's on offer.Apr 7, 2022

Is SoFi undervalued?

SoFi comes across as a relatively undervalued high-growth stock. However, readers and investors should not underestimate and overlook the adverse effects of its lofty stock-based compensation expenses. Risk averse investors may want to avoid the stock for the time being.Mar 7, 2022

How many shares of SoFi are there?

799.63M
Share Statistics
Avg Vol (3 month) 356.25M
Shares Outstanding 5799.63M
Implied Shares Outstanding 6799.63M
Float 8657.56M
% Held by Insiders 121.15%
7 more rows

How does SoFi make their money?

SoFi makes money via transaction fees, loan securitization, referral fees, interest earned on cash, sweep programs, and a lot more. Founded in 2011 and headquartered in San Francisco, SoFi is one of the leading FinTech startups in the United States.

What is better than Robinhood?

The Best Alternatives to Robinhood
  1. E*TRADE. E*TRADE is a unique and powerful discount trader that serves as the best alternative to Robinhood. ...
  2. Webull. Webull caters to intermediate and experienced self-directed investors and traders. ...
  3. TradeStation. ...
  4. SoFi Active Investing. ...
  5. TD Ameritrade. ...
  6. Moomoo. ...
  7. M1 Finance. ...
  8. Public.

Is Robinhood better than Coinbase?

So which is better, Robinhood or Coinbase? When it comes to cryptocurrencies, Coinbase is the clear winner here. While its fees can be confusing and high, the option to trade on Coinbase Pro once you have a little experience can bring those fees down.

SoFi to Participate in the Goldman Sachs 11th Annual Financial Technology Conference

Strategist talks Federal Reserve, bonds, and Tesla stock price

SAN FRANCISCO, September 09, 2021--SoFi (NASDAQ: SOFI), a leading next-generation financial services platform, announced that it will meet with institutional investors at the 11th Annual Financial Technology Conference hosted by Goldman Sachs. SoFi’s Chief Executive Officer, Anthony Noto, will participate in a moderated fireside chat discussion.

This Analyst Positive on SoFi Stock as Bank Charter Comes Within Reach

TD Ameritrade Chief Market Strategist JJ Kinahan joins Yahoo Finance to discuss the market's possible reaction to Biden's decision on the Fed Chair, the outlook of the bond yield for the remainder of the year, and the competitiveness taking place in the EV industry.

SoFi Technologies, Inc. (NASDAQ:SOFI) has High but Risky Growth from Personal Loans and Investment Accounts

Last week it was reported that SoFi Technologies (SOFI) CEO Anthony Noto had spent nearly $100,000 to acquire 7,150 shares of SoFi stock. As the CEO of the company, it's probably not too surprising to learn that Noto is a fan -- but he isn't the only one. Rosenblatt analyst Sean Horgan rates SoFi shares a Buy along with a $30 price target.

SoFi in Good Financial Standing

SoFi Technologies, Inc. (NASDAQ:SOFI) stock received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75. The price seems to be highly volatile, and we are going to examine what can be behind these movements.

Wish stock tanks, SoFi profit outlook disappoints, Honest misses on revenue

One way to evaluate the current state of the economy is by viewing which companies are succeeding. Fiscal environments characterized by high liquidity and low interest rates pave the way for more risk to be taken. Financial services firms like Upstart (UPST) and SoFi Technologies Inc. (SOFI) both posted quality Q2 earnings last week.

This Analyst Positive on SoFi Stock as Bank Charter Comes Within Reach

Myles Udland, Brian Sozzi, and Julie Hyman break down some of Friday’s early market movers, which include: Wish suffering a quarterly loss and drop in revenue due to a slowdown in growth, SoFi lowering its outlook despite doubling its revenue for its latest quarter, 23andMe posting its first quarterly earnings that saw the company expand its customer database to 11.6 million, and Honest’s stock plunging after missing estimates on revenue..

SoFi Technologies, Inc. (NASDAQ:SOFI) has High but Risky Growth from Personal Loans and Investment Accounts

Last week it was reported that SoFi Technologies (SOFI) CEO Anthony Noto had spent nearly $100,000 to acquire 7,150 shares of SoFi stock. As the CEO of the company, it's probably not too surprising to learn that Noto is a fan -- but he isn't the only one. Rosenblatt analyst Sean Horgan rates SoFi shares a Buy along with a $30 price target.

SoFi in Good Financial Standing

SoFi Technologies, Inc. (NASDAQ:SOFI) stock received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75. The price seems to be highly volatile, and we are going to examine what can be behind these movements.

Wish stock tanks, SoFi profit outlook disappoints, Honest misses on revenue

One way to evaluate the current state of the economy is by viewing which companies are succeeding. Fiscal environments characterized by high liquidity and low interest rates pave the way for more risk to be taken. Financial services firms like Upstart (UPST) and SoFi Technologies Inc. (SOFI) both posted quality Q2 earnings last week.

Ahead of Earnings Release, SoFi Seeming Sufficiently Strong

Myles Udland, Brian Sozzi, and Julie Hyman break down some of Friday’s early market movers, which include: Wish suffering a quarterly loss and drop in revenue due to a slowdown in growth, SoFi lowering its outlook despite doubling its revenue for its latest quarter, 23andMe posting its first quarterly earnings that saw the company expand its customer database to 11.6 million, and Honest’s stock plunging after missing estimates on revenue..

SoFi Technologies, Inc. (NASDAQ:SOFI) is Estimated to Break Profit in 2023, Inflation Poses an Extra Risk

The fintech space is one which has brought banking to the masses. Financial products that have remained out of reach of millions of individuals are now becoming mainstream. For investors in Social Finance, Inc. (SOFI), now is a great time to be investing. Now, SoFi stock has certainly been on a rather bumpy ride of late.

Why is SoFi stock dropping?

With the business potentially at an important milestone, we thought we'd take a closer look at SoFi Technologies, Inc.'s (NASDAQ:SOFI) future prospects, breakeven date and a latent risk factor.

SoFi stock forecast

SoFi stock has mainly been on a downtrend since it started trading on its own after the merger with IPOE. The stock has fallen 34 percent since June 1—its listing date. After the initial optimism around the merger died, the stock started to fall.

Will SoFi stock recover?

SoFi stock is covered by just two Wall Street analysts and both of them have buy ratings for the stock. Their average 12-month target price is $27.5, which implies a potential upside of 82 percent. On June 1, Oppenheimer initiated coverage on SOFI stock with a buy rating and a target price of $25.

Jim Cramer will buy SoFi if it drops more

SoFi is a quality fintech name with strong expected revenue growth at a CAGR of 43 percent from 2020–2025. Its EBITDA is expected to rise at even a faster clip. With the faster pace of EBITDA growth, the company’s margins are estimated to expand to 32 percent by 2025 from 16.9 percent in 2022.

Is SoFi a good buy now?

CNBC host Jim Cramer mentioned on July 20 that he would buy SoFi if it dropped another $1. SoFi hit $15 on July 20. Therefore, Cramer will be a buyer at $14. He said that the recent drop in SoFi has been a nightmare. Cramer thinks that SoFi CEO Anthony Noto is better than that. In June, Cramer mentioned that he's a buyer of Anthony Noto.

When will SoFi stock go up?

SoFi stock is down 37 percent from its post-merger high of $23.9 and 47 percent down from its all-time high reached in February. Being a quality fintech name with strong growth potential, the stock is a good bet for long-term investors. The temporary weakness in the name gives investors an opportunity to buy it at a low price.

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