Latest news with #SoFiPlus
Yahoo
12-06-2025
- Entertainment
- Yahoo
Why Kelsea Ballerini Is Pressing Pause to ‘Sit in the Moment'
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Kelsea Ballerini is ready to take a breather. The country star spent the weekend performing at CMA Fest and reflected on choosing to step away from the spotlight during an intimate Q&A for SoFi Plus members. More from Rolling Stone Kelsea Ballerini Surprises With Noah Kahan During Headlining CMA Fest Set Carin Leon Covers Chris Stapleton, Journey During Surprise Spotify House Set Bailey Zimmerman Announces Album 'Different Night Same Rodeo' 'The next right thing for me is to just be… be quiet for a bit,' she told SoFi CMO Lauren Stafford-Webb over the weekend. 'I think I'm in this season of rest, where I start to find what actually excites me creatively and what I want to do. I've been in a sprint, and it's been beautiful… but I'm going to [waves goodbye] for a while and see what happens.' Ballerini recently linked up with SoFi to help empower the next generation of Tenneseans by investing $2 million in financial education and grants to support over 60,000 high school students in her home state. The initiative, titled the Rising Stars Program, grants between $5 and $1000 in stock to students in the state of Tennessee between [ages] 18 and 24. 'It's so important to invest in your education or invest in your hobbies, and invest in your dreams, it's also important to invest in yourself and in your future,' she told the intimate group before an acoustic, a cappella performance of 'Baggage,' following her Nissan Stadium soundcheck. She also caught up with Rolling Stone about taking a break, her first pair of Louboutin shoes, and why she's talking about finances. Why was it important for you to collaborate with SoFi on this Rising Stars program? I love being able to talk about things that sometimes feel taboo to talk about for whatever reason. For me, understanding investment and even finances was something that was just not really talked about growing up. I think it's really important for the younger generation to invest in themselves in every way that they can. The first step of that is just knowledge and understanding that it's really important. The earlier you can, the better for you and your future. And then obviously, partnering with Tennessee Achieves, whether you get $5 or $1000, it will pay dividends in the long run. It's just an amazing incentive to get our youth to be educated and do something good for themselves. What was the first thing you invested in? It took me a minute! I was really scared because I didn't understand it. I don't share my investment portfolio, but I know the first thing that I invested in for myself was a pair of Louboutin shoes. And I'll never forget it. I told myself that if I won a CMA one year that I would buy myself my first pair of red bottoms, and I lost that CMA. The next day, hungover, I went to the Green Hills Mall and I bought my first pair. They could have been my winner shoes, and instead, they're my loser shoes, and I wear them all the time. I won in the shoe department! As an artist, I'm wondering what advice you have for young artists in getting into the industry. Ask a lot of questions, and ask questions to the right people. In that same breath, I think trusting yourself and your compass and your gut, whether that comes to artistic decisions for yourself, but also think in financial decisions. Even just navigating your personal and work life balance… That's like the most important thing you can do. When you're a new artist, especially if you're young, you kind of have this ability to put blinders on and just get into the work. And I would say, don't leave your real life behind. You said you're t for a second and take a break. Why so? It's been a really busy last few years, and especially doing The Voice and coming off my first arena tour. I don't want to keep going in a sprint and not take a breath after that and enjoy what that was, because I never knew if I'd get to do with either of those things, and the fact that we did them, and they were so wonderful, like, I just want to sit in that for a minute. And I also have no idea musically what I'm doing next, and I'm not gonna know that until I just park it for a second. I can't make a shitty album. I need to take a breath and cook a meal and, like, learn to play tennis or something, and then pick up a guitar. Are there any artists that you're really enjoying right now? I think Carter Faith is such a badass. She has a song called 'Grudge' that I'm obsessed with, and she just has this beautiful, angelic tone to her voice. But then her lyrics are so witty and sharp, and I just think she has such a really identifiable artistry. She's really cool. You had Aly & AJ out at your LA show! During that sound check, when they came up on that lift, I had to just be out of my body, I was so excited, because before I'm an artist, I'm a fan. That Disney Channel era was my childhood. That was right when I started falling in love with music. Just to have two incredible like artists and women and now friends show up for that was a big deal. And we sang 'Potential Breakup Song.' Get real! Best of Rolling Stone The Best Audiophile Turntables for Your Home Audio System
Yahoo
29-04-2025
- Business
- Yahoo
SoFi Stock Down 24% YTD: Is Now the Right Time to Buy the Dip?
Shares of SoFi Technologies, Inc. SOFI have declined 24% year to date compared with the industry's 16% decline. < This sharp downturn raises the question: Does this present a compelling buy-the-dip opportunity, or should investors exercise caution? Let's find out. SoFi's land-and-expand strategy remains a core strength, provided it is effectively managed. The company has a strong track record of executing this ambitious growth approach. By offering a diverse range of financial services, SoFi attracts a growing customer base. This, in turn, incentivizes more partners to integrate their offerings within SoFi's expanding ecosystem. The result is a robust cross-selling dynamic that enhances overall profitability. Given this, it is unsurprising that management maintains an aggressive revenue growth outlook for 2025. SOFI's increasing ability to cross-sell financial products is expected to drive significant EPS expansion, which is crucial for long-term shareholder value creation. Even in a conservative scenario, management projects a 23% revenue increase, with EPS surging 67%. This substantial discrepancy between revenue growth and bottom-line expansion underscores SoFi's ability to leverage economies of scale. SoFi's management remains focused on broadening its suite of financial services. In the fourth quarter of 2024, the company introduced several initiatives, including credit cards, alternative investments, and the subscription-based SoFi Plus. Additionally, SoFi may strengthen its cryptocurrency exposure by adding costing and clearing services, asset-backed lending, and other crypto-related financial products. This strategic move is particularly relevant in the current regulatory climate, as President Trump has expressed ambitions to position the United States as the world's crypto capital. Galileo, SoFi's B2B financial services platform, is a pivotal growth driver. By enabling seamless payment and lending integrations, it positions SoFi as a leading player in the embedded finance market. This sector is projected to grow at a robust 21.3% CAGR through 2033, fueled by increasing demand for integrated financial solutions. Galileo's ability to attract high-profile clients and diversify SoFi's revenue streams strengthens the company's long-term outlook. The platform's adoption by other financial firms further solidifies SoFi's market position and enhances its ability to capture additional market share. SoFi's financials reinforce its bullish long-term thesis. In the fourth quarter of 2024, the company achieved a 19% year-over-year increase in net sales, with a remarkable 594% surge in net income. This impressive profitability growth highlights SoFi's strong operating leverage, driven by its ability to scale efficiently. The addition of 785,000 new members in the quarter — the highest absolute increase recorded — enhances the company's cross-selling potential while reducing customer acquisition costs. All three business segments contributed to revenue growth in the fourth quarter. Lending and Technology Platform revenues grew 18% and 6% year over year, respectively, while the Financial Services segment surged an impressive 84%. The Zacks Consensus Estimate for SOFI's 2025 earnings stands at 25 cents per share, reflecting a substantial 66.7% year-over-year increase. Image Source: Zacks Investment Research Similarly, projected revenues for 2025 are estimated at $3.2 billion, marking a 23% increase from the previous year. Image Source: Zacks Investment Research Despite its strong fundamentals, SoFi faces notable challenges. As a financial services company, its performance is highly sensitive to macroeconomic conditions, particularly Federal Reserve policy and broader economic health. With the potential for prolonged high interest rates and the risk of a recession due to Trump's proposed tariff hikes, the economic environment remains uncertain. Competition is another critical factor. SoFi enjoys a first-mover advantage in the U.S. fintech space, but it faces intense rivalry from traditional banking giants like JPMorgan JPM and Bank of America BAC. Additionally, aggressive fintech challengers like Revolut are expanding their footprint, with Revolut planning to secure a U.S. banking license. While SoFi's stock has pulled back in recent months, it still appears overvalued relative to its peers. The forward 12-month Price/Earnings ratio stands at 36.11, significantly above the industry average of 14.6. This suggests that even after the decline, investors are pricing in substantial future growth. However, such a premium valuation raises downside risk if SoFi fails to meet elevated expectations. Given SoFi's strong growth trajectory, expanding ecosystem, and improving financial performance, the long-term investment case remains compelling. However, considering macroeconomic uncertainties and the stock's relatively high valuation, a prudent approach would be to adopt a hold strategy at current levels. Investors may consider waiting for further price corrections before adding positions, ensuring a more attractive entry point while mitigating downside risks. A wait-and-watch approach will allow investors to reassess valuation levels and economic conditions before making new commitments to the stock. SOFI currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report SoFi Technologies, Inc. (SOFI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
24-04-2025
- Business
- Globe and Mail
SoFi Stock Down 24% YTD: Is Now the Right Time to Buy the Dip?
Shares of SoFi Technologies, Inc. SOFI have declined 24% year to date compared with the industry 's 16% decline. > Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
Globe and Mail
15-04-2025
- Business
- Globe and Mail
Down 30% YTD, Is Now a Good Time to Buy SoFi Technologies Stock?
SoFi Technologies (SOFI) is a digital financial services company that operates consumer lending, investing, banking, and other online personal financial solutions. In recent years, SoFi has emerged as a central player in next-generation fintech. Overall market sentiment now sees investors favoring profitability and operating rigor at the expense of high-growth tech and fintech stocks. But with accelerating growth in revenues, enhancing earnings per share, and a vertically tegrated platform model, SoFi could well be at a turning point. For investors looking to play next-gen financial services, this year's pullback might present an attractive point of entry, if underlying fundamentals continue to hold. SoFi has been one of the hottest fintech stocks over the past few years, but 2025 so far has been a bumpy ride for shareholders. Despite the drop, SoFi is adding users, building out products, and beating earnings estimates. These are the sorts of signs that patient investors are taking a close look at. About SoFi Technologies Stock SoFi Technologies (SOFI), headquartered in San Francisco, is a digital-first finance company. With a market capitalization of $11.74 billion, SoFi is a key player in next-gen fintech. Shares have slumped nearly 30% year-to-date, severely lagging the Nasdaq Composite Index ($NASX) and the broader S&P 500 Index ($SPX). After peaking above $18 in early 2024, SOFI is now trading under $11, reflecting investor caution around profitability and rising rate exposure. However, the stock has shown signs of bottoming out, up nearly 10% over the past five sessions. Valuation-wise, SoFi trades at a forward price-earnings ratio of 41.8x and a forward price-sales ratio of 4.3x. Its price-to-cash-flow multiple stands at 26.75x. While expensive compared to traditional banks, the premium reflects SoFi's rapid growth and expanding ecosystem. For a fintech growing sales at over 400% over five years, the valuation may be justified, especially if margin expansion plays out as expected. SoFi Technologies Beats on Earnings In the quarter ending December 2024, SoFi reported EPS of $0.05, beating the $0.04 consensus by 25%. That marks the company's fourth consecutive earnings beat, including a 100% upside surprise in Q1 2024 and consistent beats through Q3 and Q4. Looking ahead, the average EPS estimate for Q1 2025 is $0.03, which represents 50% year-over-year growth versus $0.02 in the prior year. For Q2 2025, analysts forecast $0.05 EPS, a whopping 400% jump from $0.01 in Q2 2024. Full-year 2025 EPS is projected at $0.25, up 66.7% from FY2024. And FY2026 earnings are expected to double again to $0.50, underscoring SoFi's growth trajectory. SoFi's next confirmed earnings release is scheduled for April 29, 2025 before market open. Investors will be watching closely for updates on SoFi Plus adoption, fee-based revenue, and B2B traction across its Galileo and Apex platforms. What Do Analysts Expect for SoFi Technologies Stock? SoFi stock currently holds a 'Hold' consensus rating from 18 analysts, with an average score of 3.28, slightly down from 3.33 a month ago. Among the analysts covering the stock, five rate it a 'Strong Buy,' one assigns a 'Moderate Buy,' eight have a 'Hold' rating, two recommend a 'Moderate Sell,' and two more rate it a 'Strong Sell.' Although sentiment is mixed, the trend has stabilized over the past three months. This suggests that despite short-term volatility, analysts remain cautiously optimistic. Continued earnings beats and margin expansion could prompt upward revisions if SoFi sustains its current growth momentum.
Yahoo
14-04-2025
- Business
- Yahoo
Should You Buy SoFi While It's Below $12.50?
Markets have been unsettled at the start of 2025, with considerable uncertainty regarding President Donald Trump's economic policies and how things will unfold. The benchmark S&P 500 has experienced significant volatility in recent weeks. SoFi Technologies (NASDAQ: SOFI) hasn't been immune from this dramatic volatility. The company posted a strong year of growth and turned in its first full-year positive net income, but SoFi stock has fallen 31% since the turn of the new year. The fintech's valuation is significantly cheaper than a few months ago. Here's what investors need to know about buying SoFi today. SoFi's goal is to become a one-stop financial stop for its customers. One way it looks to bring more customers to its platform is with its SoFi Plus membership. With this subscription plan, which is $10 per month, members unlock higher interest rates on savings accounts, get better cash-back rewards on SoFi credit cards, and get one-on-one financial planning with SoFi's wealth advisors. Last year was an excellent one for the fintech, which earned $1.7 billion in net interest income, a staggering 36% growth from last year and 193% growth from two years ago. This excellent growth is a big reason SoFi posted a record net income of $499 million after seeing losses exceed $300 million each of the past two years. One component of SoFi's stellar growth is its deposit growth. A few years ago, the company acquired Golden Pacific Bancorp, giving it a banking charter that enabled it to take in deposits and hold more loans on its balance sheet. The company has taken an aggressive approach to adding deposits by offering high-yielding accounts to get more deposits on its platform, and that move has paid off handsomely. Investors may have reason to be more cautious about SoFi's growth in 2025. The company attracted massive deposits over the past few years thanks to its appealing high-yield savings accounts. However, interest rates on these accounts have fallen to some degree, and the future path of interest rates remains in the air. If interest rates stay around this level or go down, SoFi's advantage -- high interest rates on savings accounts -- may not drive growth quite the same way it did in recent years. Investors are also keeping a watchful eye on SoFi's expenses. Last year, the company managed costs and bolstered its balance sheet. During its most recent earnings call, CFO Chris Lapointe indicated a change, saying: "We want to better tilt our incremental revenue growth toward investment. We have significant untapped addressable markets in front of us, and we have proven that the more we invest, the more we produce durable growth and strong returns." Then, there are concerns about the economic backdrop and how it will impact the operating environment for lenders like SoFi. There remains much uncertainty around tariffs and ongoing trade wars, with many experts concerned that inflationary pressures could reemerge. In that case, interest rates may not decline meaningfully from here, which could weigh on its consumer lending business. One aspect of SoFi's business that can provide resilience is its technology platform. With its banking charter, the company can provide critical infrastructure for non-banking entities, allowing them to offer financial products built on top of SoFi's platform. The company has made significant investments in platforms like Galileo and Technisys, which provide back-end services and support multiple products simultaneously. These platforms run on the cloud, allowing banks to process and analyze data in real time. The technology segment is attractive because it provides a steady source of fee-based revenue and an alternative revenue stream that differentiates the company from other banks and lenders. SoFi has done a solid job growing its deposit base and earnings. However, concerns about the broader economic backdrop and its expansion efforts could weigh on the business. That said, I like its prospects. Its consumer business has a nice upside, and it recently expanded its loan platform business, showing good demand for its loans. The stock's recent 30% sell-off has it trading at a price-to-earnings (P/E) ratio of around 28.8, well below its P/E ratio of 48.8 just a few short months ago. While the stock remains vulnerable to price swings, I still like its long-term prospects and think it's a solid stock for long-term investors to buy the dip on amid the recent market sell-off. 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The Motley Fool has a disclosure policy. Should You Buy SoFi While It's Below $12.50? was originally published by The Motley Fool Sign in to access your portfolio
