The stock price Sofi is in a consolidation phase around $8.10–$8. SoFi operates a digital-only banking platform to serve customers. There are 11.7 million of these so-called members (as of June 30) using SoFi's offerings, ranging from checking/savings and brokerage accounts to insurance and lending solutions. The customer base has expanded rapidly, as there were only 3.5 million members as recently as the end of 2021. The business is obviously doing some things right, like providing a wonderful user experience for products and services in an industry that people don't expect it from. SoFi Technologies ( NASDAQ:SOFI - Get Free Report ) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same period in the previous year, the firm posted $0.01 EPS. The business's quarterly revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year. SoFi Technologies Company Profile ( Free Report ) SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. Featured Stories Five stocks we like better than SoFi Technologies How to Invest in Blue Chip Stocks Why the Precious Metal Nobody Talks About Could Be Your Best Bet What Are Dividend Achievers? An Introduction Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback Why Are These Companies Considered Blue Chips? 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. ( NASDAQ:SOFI - Free Report ). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in SoFi Technologies Right Now? Before you consider SoFi Technologies, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoFi Technologies wasn't on the list. While SoFi Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 5G Stocks: The Path Forward is Profitable Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report The stock price Sofi reacted to analyst upgrades, adding 3% on the week amid sector-wide gains in fintech. Sofi’s robust marketing campaigns for personal loans have heightened brand visibility in a competitive market.
