Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.
IPO Year:
Exchange: NASDAQ
Website: sofi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/15/2025 | Outperform | William Blair | |
| 1/2/2025 | $7.00 → $8.00 | Mkt Perform → Underperform | Keefe Bruyette |
| 12/9/2024 | $12.00 | Neutral → Underperform | BofA Securities |
| 6/7/2024 | Neutral | BTIG Research | |
| 4/8/2024 | $11.00 | Buy | Citigroup |
| 4/5/2024 | $6.50 → $7.50 | Underperform → Mkt Perform | Keefe Bruyette |
| 4/3/2024 | $10.00 | Buy | Needham |
| 1/31/2024 | $7.00 → $6.50 | Equal-Weight → Underweight | Morgan Stanley |
| 1/10/2024 | Hold | Deutsche Bank | |
| 1/3/2024 | $7.50 → $6.50 | Mkt Perform → Underperform | Keefe Bruyette |
SoFi Technologies, Inc. (NASDAQ:SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi's largest Loan Platform Business agreement to date. SoFi's Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. The two-year deal with Blue Owl Capital managed funds reflects the growing demand for personal loans from members and debt investors and advances SoFi's strategy to diversify revenue streams with less capital-intensive and more fee-based source
Offering Includes Participation from 35 Unique Investors 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, announced today the issuance of $697.6 million in notes secured by a pool of personal loans originated by SoFi Bank, N.A. The transaction was a co-contributor securitization with collateral consisting primarily of loans previously placed with loan platform business partners. SoFi's loan platform business, which originates loans on behalf of third parties, generated $2.1 billion in personal loan volume in 2024. This represents the first securitization of new co
Partnership combines Galileo's technology platform and Ascenda's loyalty expertise to simplify and power card loyalty programs NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Ascenda, the industry leader in loyalty-as-a-service, has partnered with Galileo Financial Technologies, SoFi Technologies, Inc.'s Tech Platform (NASDAQ:SOFI), to deliver seamless and engaging loyalty experiences through card loyalty programs to banks, fintechs and other brands. This collaboration integrates Ascenda's loyalty and customer engagement solutions with Galileo's robust financial technology platform, o
New Galileo program makes it easier than ever to offer rewards to the overlooked $4.3 trillion debit market, a first-of-its-kind in the U.S. hospitality sector Galileo Financial Technologies, SoFi Technologies, Inc.'s Technology Platform (NASDAQ:SOFI), has launched a co-brand debit program offering, enabling brands to offer debit users access to rewards typically reserved for credit card holders. Galileo is the first to bring this type of program offering to the U.S. hospitality sector. While co-brand credit rewards programs are common, debit users have largely been left out—until now. More than 90 percent of U.S. adults have a debit card, and 45 million U.S. adults either lack a credit h
New product offering creates America's most rewarding financial membership, all in one app; ‘Power of Plus' sweepstakes offers chance to achieve one of America's top financial ambitions 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, announced more than eight new benefits to SoFi Plus, offering its members $1,000+ in annual value. SoFi Plus, the company's premium financial membership, now offers exclusive access to preferred pricing on products and services, complimentary financial planning, rewards, and special events. SoFi members can unlock SoFi Plus for $10 a m
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 that it will participate in an upcoming investor conference. SoFi's CEO, Anthony Noto, will participate in a moderated fireside chat discussion at the BofA Securities 2025 Financial Services Conference. Full session details for the conference appearance are as follows: BofA Securities 2025 Financial Services Conference Date: February 11, 2025 Time: 1:50 PM EST Fireside Chat with SoFi CEO, Anthony Noto Webcast Registration: https://bofa.veracast.com/webcasts/bofa/financialservices2025/id331k9
Record Adjusted Net Revenue Grew 24% Driven by 52% Combined Growth in Financial Services and Tech Platform Segments, Representing 49% of Total Adjusted Net Revenue 34% Growth in Members and 32% Growth in Products in 2024 Remain Key Drivers of Growth Record Fee Based Revenue of $289 Million Increased 63%, Reinforcing Strength of Increased Mix of Higher ROE Revenue Management Announces 2025 Guidance 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, reported financial results today for its fourth quarter and fiscal year ended December 31, 2024. This press release
Partners' Largest Transaction To-Date is Second in a Series of Continued Investments by PGIM 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 a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one of the largest global fixed income managers – with $859 billion in assets under management (AUM), including $120 billion in public and private securitized credit AUM. The transaction follows a $350 million investment from PGIM in May 2024. It builds on the $3.9 billion in personal
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 fourth quarter and full year of 2024 on Monday, January 27, 2025, at 8 a.m. Eastern Time. SoFi also plans to release its fourth quarter and fiscal year 2024 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, January 27, 2025. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE
SoFi members have earned $1B in interest on savings, paid down $33B in credit card debt, borrowed $117B to fund their ambitions through September 30, 2024 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, announced today that it now serves more than 10 million members across its suite of products and services. In 2024 to-date, total members increased by nearly 2.5 million. The company's member base has grown more than 9x in less than five years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217647367/
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Simcock Brings Decades of Legal Experience from Some of the World's Largest Financial Institutions 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 Stephen Simcock as the company's new general counsel. Simcock – who has spent more than three decades helping retail financial institutions navigate rapidly evolving markets and a shifting regulatory landscape – will lead SoFi's legal department with the retirement of Rob Lavet, the company's chief legal officer. Simcock previously served as vice chairman of JPMorgan Chase & Co's legal department and as
Adds Additional Financial Expertise, Strategy Experience, and Global Perspective NETSCOUT SYSTEMS, INC. (NASDAQ:NTCT), a leading provider of cybersecurity, service assurance, and business analytics solutions, today announced that experienced executives Shannon Nash and Marlene Pelage have been appointed to the Company's Board of Directors. "On behalf of NetScout's Board of Directors, I am pleased to announce the appointment of two superbly qualified directors, Shannon Nash and Marlene Pelage. We believe that these accomplished individuals will bring fresh perspectives and valuable experience to our Board and play an important role in advancing our business," stated Anil Singhal, NETSCOUT'
Former executive at Sofi/Galileo takes on expanded role Carta Worldwide 2021 payment processing volume grew over 50% to ~$8.5 billion Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced that Allan Smith, a recent addition to Mogo's executive team, has been appointed Head of Carta Worldwide ("Carta"), Mogo's digital payments subsidiary. Carta, which was acquired by Mogo in January 2021, powers the next-generation card programs from innovative fintech companies in Europe, North America and APAC. This strategic acquisition has provided a number of significant benefits to Mogo, including greatly expanding its tota
Former executive of US fintech leader, SoFi, and e-commerce pioneer, Amazon Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced the appointment of highly experienced leader Allan Smith to the newly created role of Chief People Officer. Smith brings to Mogo 15 years of expertise as an analytical human resources leader with global experience in progressively demanding leadership roles in Fortune 50 as well as hyper-growth SaaS and fintech companies. Most recently, Smith served as Senior Director for fintech leader SoFi (NASDAQ:SOFI), where he led the people function across SoFi International and its subsidiary Ga
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William Blair initiated coverage of SoFi Technologies with a rating of Outperform
Keefe Bruyette downgraded SoFi Technologies from Mkt Perform to Underperform and set a new price target of $8.00 from $7.00 previously
BofA Securities downgraded SoFi Technologies from Neutral to Underperform and set a new price target of $12.00
BTIG Research resumed coverage of SoFi Technologies with a rating of Neutral
Citigroup resumed coverage of SoFi Technologies with a rating of Buy and set a new price target of $11.00
Keefe Bruyette upgraded SoFi Technologies from Underperform to Mkt Perform and set a new price target of $7.50 from $6.50 previously
Needham initiated coverage of SoFi Technologies with a rating of Buy and set a new price target of $10.00
Morgan Stanley downgraded SoFi Technologies from Equal-Weight to Underweight and set a new price target of $6.50 from $7.00 previously
Deutsche Bank initiated coverage of SoFi Technologies with a rating of Hold
Keefe Bruyette downgraded SoFi Technologies from Mkt Perform to Underperform and set a new price target of $6.50 from $7.50 previously
Record Adjusted Net Revenue Grew 24% Driven by 52% Combined Growth in Financial Services and Tech Platform Segments, Representing 49% of Total Adjusted Net Revenue 34% Growth in Members and 32% Growth in Products in 2024 Remain Key Drivers of Growth Record Fee Based Revenue of $289 Million Increased 63%, Reinforcing Strength of Increased Mix of Higher ROE Revenue Management Announces 2025 Guidance 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, reported financial results today for its fourth quarter and fiscal year ended December 31, 2024. This press release
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 fourth quarter and full year of 2024 on Monday, January 27, 2025, at 8 a.m. Eastern Time. SoFi also plans to release its fourth quarter and fiscal year 2024 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, January 27, 2025. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE
Record Adjusted Net Revenue with Growth Accelerating to 30% Driven by 64% Combined Growth in Financial Services and Tech Platform Segments, representing 49% of Total Adjusted Net Revenue 35% Growth in Members and Strong Product Innovation Remain Key Drivers of Growth Company Recorded $174 Million in Capital Light, Fee-Based Revenue, Reinforcing Strength of Increased Mix of Higher ROE Revenue Management Raises FY24 Guidance 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, reported financial results today for its third quarter ended September 30, 2024. This press re
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 third quarter of 2024 on Tuesday, October 29, 2024, at 8 a.m. Eastern Time. SoFi also plans to release its third quarter 2024 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Tuesday, October 29, 2024. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE To pre-register for this call,
Record Adjusted Net Revenue Driven by 46% Combined Growth in Financial Services and Tech Platform Segments vs 5% Lending Growth Given Conservative Stance 41% Growth in Members and Strong Product Innovation Remain Key Drivers of Current and Future Growth Management Raises FY24 Guidance 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, reported financial results today for its second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730317295/en/Note: For additional informati
SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the second quarter of 2024 on Tuesday, July 30, 2024, at 8 a.m. Eastern Time. SoFi also plans to release its second quarter 2024 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Tuesday, July 30, 2024. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE To pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via ema
54% Combined Revenue Growth in Tech Platform and Financial Services Segments Drove 26% Growth in Total Adjusted Net Revenue Management Raises FY 24 Guidance 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, reported financial results today for its first quarter ended March 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429229505/en/(Graphic: Business Wire) Anthony Noto, CEO of SoFi Technologies, Inc. commented: "Our first quarter was an exceptionally strong start to 2024, demonstrating sign
SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the first quarter of 2024 on Monday, April 29, 2024, at 8 a.m. Eastern Time. SoFi also plans to release its first quarter 2024 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, April 29, 2024. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE To pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via ema
Accelerating Revenue Growth, Expanding Margins and GAAP Profitability Fourth Quarter $615 Million GAAP Net Revenue Up 35% Year-over-Year; $594 Million Adjusted Net Revenue Up 34% Year-over-Year Record Fourth Quarter Adjusted EBITDA of $181 Million Up 159% Year-over-Year, 30% Target Margin Reached Fourth Quarter Positive GAAP Net Income of $48 Million, GAAP EPS of $0.02 Quarterly New Member Adds of Nearly 585,000; Total Members Up 44% Year-over-Year to Over 7.5 Million Quarterly New Product Adds of Nearly 695,000; Total Products Up 41% Year-over-Year to Over 11.1 Million Fourth Quarter Total Deposit Growth of $2.9 Billion to $18.6 Billion Fourth Quarter Growth in Tangible Book Value of $204
SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, today announced plans to host a conference call to discuss financial and operating results for the fourth quarter and full year of 2023 on Monday, January 29, 2024, at 8 a.m. Eastern Time. SoFi also plans to release its fourth quarter and fiscal year 2023 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, January 29, 2024. Full session details for the conference appearance are as follows: CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE To pre-register for this call, please go to the following link (you will then receive your perso