SoFi TechnologiesSOFI
Market Cap: $7.47B
About: SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
Employees: 4,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 151
8% more call options, than puts
Call options by funds: $412M | Put options by funds: $382M
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
2% less funds holding
Funds holding: 585 [Q1] → 573 (-12) [Q2]
2.79% less ownership
Funds ownership: 45.27% [Q1] → 42.48% (-2.79%) [Q2]
8% less capital invested
Capital invested by funds: $3.23B [Q1] → $2.97B (-$257M) [Q2]
13% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 90
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Needham Kyle Peterson 49% 1-year accuracy 26 / 53 met price target | 43%upside $10 | Buy Reiterated | 5 Aug 2024 |
Needham Kyle Peterson 49% 1-year accuracy 26 / 53 met price target | 43%upside $10 | Buy Reiterated | 31 Jul 2024 |
Barclays Terry Ma 46% 1-year accuracy 6 / 13 met price target | 14%upside $8 | Equal-Weight Maintained | 9 Jul 2024 |
Keefe, Bruyette & Woods Timothy Switzer 82% 1-year accuracy 9 / 11 met price target | 0%downside $7 | Market Perform Maintained | 9 Jul 2024 |
Needham Kyle Peterson 49% 1-year accuracy 26 / 53 met price target | 43%upside $10 | Buy Reiterated | 2 Jul 2024 |
Financial journalist opinion
Based on 41 articles about SOFI published over the past 30 days