SoFi ($SOFI) – Miscellaneous – May 25, 2024

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

SoFi ($SOFI) – Miscellaneous – May 25, 2024

SoFi
  • SoFi announced a $350 million personal loan securitization with Prudential Financial’s fixed income subsidiary. SoFi continues to see “healthy demand for its personal loans” from capital market buyers. That allows it to fulfill more pent-up demand without using the balance sheet capacity that it’s trying to preserve amid the rate volatility/uncertainty.
  • Noto bought another $200,000 in stock this week. He has purchased over $10 million in stock since the end of 2022. The internet says his net worth is somewhere between $80-$130 million, making this investment (on top of all potential equity packages) a material part of his net worth. SoFi is a larger % of his portfolio than it is mine, and I take some comfort in that.
  • SoFi reiterated its 2026 financial targets at the very beginning of its shareholder meeting. The rest of the meeting was as uneventful as these normally are. Its reiterated targets don’t include potential entrance into new businesses. At the $0.67 2026 EPS midpoint, a 25x GAAP earnings multiple (likely a 0.6x-0.9x PEG ratio) gives you a $16+ stock. At the $0.80 high point, it would be a $20 stock. Just keep growing the top line and profits per share. Let everyone else endlessly bicker about every single detail. I’m happy to wait as long as fundamental execution remains this steady.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Related Posts
BBAE Blueprint

BBAE: Up to $400 First Deposit Bonus!

Tailored insights, powerful tools. Automatic bonus at signup.
Get Started with BBAE Now!