SoFi TechnologiesSOFI
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 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more repeat investments, than reductions
Existing positions increased: 220 | Existing positions reduced: 159
36% more first-time investments, than exits
New positions opened: 109 | Existing positions closed: 80
28% more capital invested
Capital invested by funds: $3.1B [Q2] → $3.96B (+$856M) [Q3]
20% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]
13% more call options, than puts
Call options by funds: $562M | Put options by funds: $498M
5% more funds holding
Funds holding: 577 [Q2] → 606 (+29) [Q3]
2.47% more ownership
Funds ownership: 44.38% [Q2] → 46.85% (+2.47%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Jeffrey Adelson 0% 1-year accuracy 0 / 3 met price target | 18%downside $13 | Underweight Maintained | 19 Dec 2024 |
B of A Securities Mihir Bhatia 82% 1-year accuracy 9 / 11 met price target | 24%downside $12 | Underperform Downgraded | 9 Dec 2024 |
JP Morgan Reginald Smith 54% 1-year accuracy 14 / 26 met price target | 2%upside $16 | Neutral Maintained | 2 Dec 2024 |
Mizuho Dan Dolev 77% 1-year accuracy 41 / 53 met price target | 2%upside $16 | Outperform Maintained | 19 Nov 2024 |
UBS Tim Chiodo 100% 1-year accuracy 1 / 1 met price target | 33%downside $10.50 | Neutral Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 51 articles about SOFI published over the past 30 days