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 |
|---|---|---|---|
| 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 |
| 11/15/2023 | $8.00 | Equal Weight | Barclays |
| 10/31/2023 | $7.00 | Underweight → Equal-Weight | Morgan Stanley |
| 10/20/2023 | $7.00 | Neutral | UBS |
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
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10-Q - SoFi Technologies, Inc. (0001818874) (Filer)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
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144 - SoFi Technologies, Inc. (0001818874) (Subject)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
144 - SoFi Technologies, Inc. (0001818874) (Subject)
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 CFO, Chris Lapointe, will participate in a moderated fireside chat discussion at the UBS Global Technology and AI Conference. Full session details for the conference appearance are as follows: UBS Global Technology and AI Conference Date: December 3, 2024 Time: 11:55 AM PST Fireside Chat with SoFi CFO, Chris Lapointe Webcast Registration: https://event.webcasts.com/starthere.jsp?ei=1695175&tp_key=195a7479a8&tp_special=8 A
Rapid Access Card program enables flexible fund access for small businesses Rapid Finance, a leading small business financing platform helping small businesses find customized solutions, announced today that following a successful pilot launch in April 2024, its Rapid Access Card is now available to all eligible Line of Credit (LOC) clients. The Rapid Access Card, a collaboration between Rapid Finance and Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ:SOFI), provides small business clients quick and flexible access to their Business LOC funds. This innovative card empowers small businesses with greater convenience when acc
SoFi Partners with BlackRock Inc. to Offer Retail Investors Access to Sophisticated Portfolios and Increased Selection Today, SoFi (SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced the launch of a new robo-advisor platform, expanding on the company's current automated investment offering. SoFi is now one of the few automated investment platforms to provide access to alternative asset classes alongside traditional and sustainability-focused funds. These offerings, built in partnership with the world's largest asset manager, BlackRock Inc. (BLK), expose investors without significant financ
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 empowers members to borrow, save, spend, invest, and protect their money, today announced its adoption of Galileo's modern, cloud-based Cyberbank Core to power a range of payment services to commercial clients, including debit, prepaid, ACH and wire transactions, and associated banking services. Cyberbank Core became an integral part of Galileo's offering after SoFi's acquisition of Technisys in 2022. Galileo is a subsidiary of SoFi. "We are thrilled that our new commercial payment services sponsor bank program is built on Galileo's powerful tech platform," said Anthony Noto, CEO of S
SoFi to Award a Total of $500,000 to 50 People Working to Improve Women's Financial Independence and Inspire All to Achieve Their Financial Ambitions In honor of the 50th anniversary of the Equal Credit Opportunity Act (ECOA), SoFi (NASDAQ:SOFI), the one-stop shop for digital personal financial services, has teamed up with tennis champion, entrepreneur and author Venus Williams and Los Angeles Sparks forward Cameron Brink to launch the Give Her Credit campaign. With this national initiative, SoFi will begin accepting submissions to award $500,000 to 50 people (each receiving $10,000) to help further advance women's financial independence and help inspire their financial ambitions. This pre
Nova Credit's consumer-permissioned data and analytics solution, Cash Atlas, will be leveraged by SoFi to bolster loan underwriting Nova Credit, a leading credit infrastructure and analytics company, today announced an expansion of its multi-year relationship with SoFi, the one-stop shop for digital financial services. This expansion enables SoFi to access consumer-permissioned bank data and cash flow analytics through Nova Credit's Cash Atlas™ solution, giving SoFi the ability to better serve its members. While traditional credit reporting helps lenders assess an individual's history of repayment, cash flow data provides a more real-time and granular view of a consumer's financial health
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 $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC ("Fortress"). The agreement will expand SoFi's capabilities in its loan platform business, where the company refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. "SoFi's loan platform business is an important part of our strategy to serve the financial needs of more members and diversify toward less capital-inten
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, is expanding its credit card portfolio with the launch of the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card (1). These new offerings, developed with extensive feedback from SoFi members and others, build on the company's commitment to helping people achieve their ambitions and serving their diverse credit needs. The SoFi Everyday Cash Rewards Credit Card is designed for those who prioritize earning rewards on their daily spending, whether it's dining out, ordering in, or shopping for grocer
New Platform Enables Companies to Expand Participation to Individual Investors in Public Offerings 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, and PrimaryBid Technologies Inc., a leading capital markets fintech firm, today announced the launch of DSP2.0, an advanced Directed Share Platform (DSP) that offers a modern and streamlined approach to equity program management for companies looking to raise capital in the U.S. DSPs allow companies to allocate a portion of their share offerings to specific individuals or groups such as employees or customers. However, s
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Whales with a lot of money to spend have taken a noticeably bearish stance on SoFi Techs. Looking at options history for SoFi Techs (NASDAQ:SOFI) we detected 14 trades. If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish. From the overall spotted trades, 6 are puts, for a total amount of $865,453 and 8, calls, for a total amount of $274,270. Projected Price Targets Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.0 to $10.0 for SoFi Techs over the last 3 months. Analyzing Volume & Open Interest Looking at
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The S&P 500 and Nasdaq experienced their largest weekly declines since April, falling by 1.97% and 3.65%, respectively, with the Nasdaq breaking a six-week winning streak. Conversely, the Dow rose by 0.72% and the Russell 2000, focused on small-cap stocks, increased by 1.68%. Federal Reserve Chair Jerome Powell highlighted that recent inflation data has increased confidence in achieving the 2% target, prompting investors to bet on a rate cut in September, as indicated by CME Group’s FedWatch tool. Additionally, unemployment claims surged to 243,000 wit
A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan. The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the U.S. Department of Education’s debt relief plan. Combined with a previous ruling last month by U.S. District Judge John Ross in St. Louis, the entire SAVE plan is now blocked from being implemented as the legal process continues. “Appellants’ emergency motion for an administrative stay prohibiting the appellees from implementing or acting pursuant to the Final Rule until this Court rules on the appell
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading mostly flat Thursday. The stock has climbed more than 20% over the past month on investors' optimism for rate cuts in the near-term. What To Know: There have also been several recent developments regarding student loans. The Biden Administration announced Thursday that it will forgive an additional $1.2 billion in student loans for 35,000 public service workers through its Public Service Loan Forgiveness (PSLF) program. Read Next: Discover Reports Better-Than-Expected Q2 Results: Here’s The Details Discover Financial Services (NYSE:DFS) announced Wednesday that it has entered into an agreement to sell its private student l
Financial giants have made a conspicuous bullish move on SoFi Techs. Our analysis of options history for SoFi Techs (NASDAQ:SOFI) revealed 22 unusual trades. Delving into the details, we found 59% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $164,115, and 19 were calls, valued at $1,260,567. What's The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $11.0 for SoFi Techs over the last 3 months. Insights into Volume & Open Interest Examining the volume and open interest provides crucial insights into stock rese
Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) are trading higher Monday as stocks rise following Fed President Powell‘s discussion and a result of investors assessing the impact of the attempted assassination of former President Trump. The assassination attempt has been seen as potentially favorable to the Trump campaign. One specific policy aspect that has caught the market’s attention is Trump’s stance on student loan forgiveness programs. The report from CNBC says that Project 2025 proposes cuts to these programs, which would directly benefit financial institutions like SoFi that offer private student loans and refinancing options. Another crucial element is the discussion around
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume C CALL TRADE BEARISH 07/12/24 $65.00 $36.2K 4.8K 9.8K ALLY CALL TRADE BEARISH 08/16/24
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher Thursday. Inflation data came in cooler-than-expected and fueled investors' hopes for interest rate cuts in the near-term. The Details: The Consumer Price Index marked its lowest print since May 2020 with headline CPI inflation slowing from 3.3% in May 2024 to 3% in June 2024 on a year-over-year basis. The 3% figure came in below the 3.1% expected among economists. SoFi CEO Anthony Noto explained how rate cuts could benefit the company in a 2023 earnings call. "We’re really excited that when rates start to decline and other banks can’t maintain the level of APY that we can, how competitive we can be versus them,"
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
Barclays initiated coverage of SoFi Technologies with a rating of Equal Weight and set a new price target of $8.00
Morgan Stanley upgraded SoFi Technologies from Underweight to Equal-Weight and set a new price target of $7.00
UBS initiated coverage of SoFi Technologies with a rating of Neutral and set a new price target of $7.00
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
Record GAAP and Adjusted Net Revenue for Third Quarter 2023 GAAP Net Revenue of $537 Million Up 27%; $531 Million Adjusted Net Revenue Up 27% Year-over-Year Record Adjusted EBITDA of $98 Million Up 121% Year-over-Year GAAP EPS Loss of $0.29; EPS Loss Excluding the Impact of Goodwill Impairment of $0.03 New Member Adds of Over 717,000; Quarter-End Total Members Up 47% Year-over-Year to Over 6.9 Million New Product Adds of Nearly 1,047,000; Quarter-End Total Products Up 45% Year-over-Year to Over 10.4 Million Total Deposit Growth of $2.9 Billion, Up 23% During the Third Quarter to $15.7 Billion $68 Million Growth in Tangible Book Value, $171 Million on a Trailing 12 Month Basis
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 third quarter of 2023 on Monday, October 30, 2023, at 8 a.m. Eastern Time. SoFi also plans to release its third quarter 2023 results on the investor relations section of its website at https://investors.sofi.com at approximately 7 a.m. Eastern Time on Monday, October 30, 2023. 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 e
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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