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 |
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
144 - SoFi Technologies, Inc. (0001818874) (Subject)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
144 - SoFi Technologies, Inc. (0001818874) (Subject)
S-8 - SoFi Technologies, Inc. (0001818874) (Filer)
8-K - SoFi Technologies, Inc. (0001818874) (Filer)
144 - SoFi Technologies, Inc. (0001818874) (Subject)
144 - SoFi Technologies, Inc. (0001818874) (Subject)
10-Q - SoFi Technologies, Inc. (0001818874) (Filer)
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/
SoFi Bank's relationship with Galileo strengthens Mesh Payments' drive to reduce inefficiencies and accelerate the development of new products Mesh Payments, an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ:SOFI) as its longtime payments processor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212627250/en/ This partnership integrates Mesh Payments' next-generation expense and card infrastructure with SoFi Bank's scalable financial framework and G
Company Expands Access to Include Three New Funds in Response to Increasing Interest in Alternative Asset Classes from Retail Investors, Broadening Private Market Exposure 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 access to three new private market funds through a relationship with Templum, which operates Templum One, a purpose-built platform for seamlessly accessing and transacting in private alternatives: The Cosmos Fund (with sole exposure to SpaceX) along with two additional private equity funds Pomona Investment Fund, and StepStone Private Markets Fund. In a 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 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
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
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
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
4 - SoFi Technologies, Inc. (0001818874) (Issuer)
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
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
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