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SoFi Stock Jumps Following CEO Insider Buy and New Stablecoin Push
business1 month ago

SoFi Stock Jumps Following CEO Insider Buy and New Stablecoin Push

SoFi Technologies (SOFI) rose about 3.4% after hours after CEO Anthony Noto disclosed an additional purchase of 13,888 shares at a roughly $18.06 average, bringing his total stake to about 11.96 million shares. The move comes as SoFi pursues catalysts like the launch of SoFiUSD, the end of the Pattern Day Trader rule, and broader rotation into financials, with retail interest rising on Stocktwits. Despite being down ~46% from its 52-week high, SOFI has posted two straight weeks of gains amid improved sentiment and insider confidence.

via Yahoo Finance|
#business#insider-buying#retail-investors
SpaceX IPO Opens Retail Door Through Robinhood and Sofi, With High Demand and Platform Rules
business1 month ago

SpaceX IPO Opens Retail Door Through Robinhood and Sofi, With High Demand and Platform Rules

SpaceX is preparing for its IPO with potential retail allocations reportedly up to 30%. Access is outlined for platforms like Robinhood, SoFi, and E-TRADE (as well as Schwab and Fidelity), with varying requirements (COB/IOI, eligibility questionnaires, and minimum balances). Allocation is not guaranteed due to expected high demand, while Goldman Sachs leads and Morgan Stanley is a key co-manager; BlackRock is considering a multi‑billion-dollar investment.

via Benzinga|
#business#e-trade#retail-investors
Mom Battles SoFi in Court to Erase a $55K Private Student Loan
finance2 months ago

Mom Battles SoFi in Court to Erase a $55K Private Student Loan

A mother of two is suing SoFi to discharge a $55,000 private student loan after a mistaken “Congrats, your balance is $0” email coincided with a loan transfer, triggering a default and a lawsuit. Representing herself for two years, she uses AI to help draft filings and faces the emotional and financial toll, plus potential wage garnishment and credit damage if she loses. The story illustrates how confusing notices and loan ownership changes can push borrowers into lawsuits, a theme explored in Business Insider’s ongoing Student Debt Spiral coverage.

via Business Insider|
#consumer-finance#debt-relief#finance
SoFi Falls on In-Line Q1, Guidance Unchanged
business2 months ago

SoFi Falls on In-Line Q1, Guidance Unchanged

SoFi Technologies’ stock fell about 9% in premarket trading after reporting in-line Q1 earnings and reaffirming 2026 guidance with a GAAP EPS around $0.60. The results showed strong year-over-year growth across segments—financial services up 41%, Technology Platform up 27%, and lending up 55%—with double- to triple-digit originations, while management notes the deposit-funded model helps reduce risk even as investors weigh weakness in the Technology Platform.

via Seeking Alpha|
#business#deposit-funded-platform#q1-2026-earnings
business4 months ago

SoFi Pushes Back on Muddy Waters Report, Signals Possible Legal Action

SoFi Technologies issued a statement denouncing Muddy Waters' short-seller report as inaccurate and misleading and said it may pursue legal action. The company defends its GAAP-compliant financial reporting and regulatory status as a bank holding company overseen by the Federal Reserve and OCC, while accusing Muddy Waters of aiming to depress share value for short-selling profits. The release frames the report as investor deception and reaffirms SoFi’s commitment to transparency and shareholder value.

via SoFi|
#business#gaap#muddy-waters
SoFi Slumps After Muddy Waters Short Report Highlights Accounting Claims
business4 months ago

SoFi Slumps After Muddy Waters Short Report Highlights Accounting Claims

SOFI stock fell about 5% after Muddy Waters published a short report alleging accounting “abuses” and overstated loan performance, with adjusted default rates significantly higher than SoFi’s figures and claims insiders benefit from share issuances via prepaid forward deals; SoFi says CEO Anthony Noto has not sold shares. Despite Q4 2025 revenue of $1.01 billion, the stock has tumbled year-to-date and analysts remain cautious with a Hold rating and a roughly $26 target.

via TipRanks|
#accounting#business#muddy-waters
Muddy Waters accuses SoFi of dilution, debt masking, and misstatements
business4 months ago

Muddy Waters accuses SoFi of dilution, debt masking, and misstatements

Muddy Waters Research alleges SoFi Technologies uses financial engineering to dilute shareholders, disguises borrowings as revenue (including a claim of a $312 million unrecorded debt), and ties student-loan and secured-loan activities to management bonuses rather than genuine economic value, suggesting potential widespread misstatements and aggressive equity issuance to hit targets.

via Muddy Waters Research|
#business#dilution#financial-engineering
"SoFi Stock Faces Turbulence: Is It Time to Buy the Dip?"
finance2 years ago

"SoFi Stock Faces Turbulence: Is It Time to Buy the Dip?"

SoFi Technologies faced double price target cuts this week, with KBW and Barclays lowering their targets due to concerns over higher loan defaults. Despite this, SoFi's CFO and CEO remain confident in the company's financial health and growth prospects, citing strong underwriting practices and favorable credit trends. The stock, currently trading at a discount, is seen as a strong investment opportunity with potential for significant upside as the company continues to grow its financial services revenue and possibly ramp up lending in the future.

via Seeking Alpha|
#finance#fintech#loan-valuations