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SOFI TECHNOLOGIES, INC.

(SOFI)
  Report
Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
4.880 USD   +0.83%
09/28Galileo and Juniper Research Reveals Surge in B2B Embedded Finance Demand
BU
09/28SoFi Technologies, Inc. Announces Resignation of Jennifer Nuckles as Executive Vice President and Group Business Unit Leader
CI
09/28Sofi Technologies, Inc. : Change in Directors or Principal Officers (form 8-K)
AQ
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SoFi Launches First-Of-Its-Kind Web 3 ETF and A Smart Energy ETF to Empower People to Invest in the Future

08/09/2022 | 01:50pm EDT

SoFi Technologies, Inc. announced that SoFi Invest1 is launching two new ETFs, SoFi Web 32 and SoFi Smart Energy, designed to make it easier than ever for people to invest in two of the world's fastest-growing industries and put their dollars into the causes and technology they are most excited about. Additionally, SoFi is officially rebranding the existing SoFi Gig Economy ETF as the SoFi Be Your Own Boss ETF. This change will better reflect the fund's goal of investing in companies that embody the future of work, and have transformed the way people access goods, services, and work over recent years.

The BYOB ETF is actively managed, with some of its top current holdings including Airbnb (2.25%), Shopify (2.89%) and Roblox (3.44%), in each case as of August 9, 2022. Each of the funds described in this release are available through SoFi Invest, as well as all other brokerage platforms. The new SoFi Web 3 and SoFi Smart Energy funds will be available for 59 basis points for all investors. The SoFi Web 3 ETF provides investors with access to the companies powering the next tech revolution and driving a decentralized approach to the internet, such as the metaverse and artificial intelligence.

TWEB tracks the SoFi Solactive ARTIS® Web 3.0 Index, providing diversification by investing in 40 securities across four themes - NFTs & Tokenization, Blockchain Technology, Metaverse, Big Data & AI - solving the key problems with the internet . In 2021, a survey of SoFi Invest members showed 73% of members reported they wanted a clean tech ETF. SoFi is meeting that strong interest with the SoFi Smart Energy ETF (ENRG), partnering with iClima to provide investors greater access to clean energy investing.

ENRG is joining the SoFi ETF family, and the fund tracks the iClima Distributed Renewable Energy Index. The index identifies companies rapidly modernizing energy solutions by replacing centralized fossil fuel-based grids with technologies that enable electricity generation and storage using renewable energy sources in a local, decentralized, and modular way. As part of the launch of the SoFi Web 3.0 and SoFi Smart Energy funds, SoFi is also launching two new educational hubs: the Sustainable Investing Guide for Beginners and Web 3 Guide for Beginners.

Many investors don't know where to start when investing in sectors or themes they are passionate about. These new educational hubs will simplify complex topics to help investors of every experience level better understand these industries. With the influx of new retail traders and new industries that have grown quickly in recent years, SoFi is committed to providing vital educational resources and easy access to Certified Financial Planners to ensure all members make the right decisions to help them achieve their financial goals.


© S&P Capital IQ 2022
All news about SOFI TECHNOLOGIES, INC.
09/28Galileo and Juniper Research Reveals Surge in B2B Embedded Finance Demand
BU
09/28SoFi Technologies, Inc. Announces Resignation of Jennifer Nuckles as Executive Vice Pre..
CI
09/28Sofi Technologies, Inc. : Change in Directors or Principal Officers (form 8-K)
AQ
09/27SoFi Launches ‘On The Money' To Provide Financial Education Resources for Members
BU
09/27SoFi Launches ‘On the Money’ to Provide Financial Education Resources for Mem..
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Analyst Recommendations on SOFI TECHNOLOGIES, INC.
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Financials (USD)
Sales 2022 1 497 M - -
Net income 2022 -384 M - -
Net Debt 2022 320 M - -
P/E ratio 2022 -11,1x
Yield 2022 -
Capitalization 4 501 M 4 501 M -
EV / Sales 2022 3,22x
EV / Sales 2023 2,34x
Nbr of Employees 2 500
Free-Float 84,2%
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Technical analysis trends SOFI TECHNOLOGIES, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 4,88 $
Average target price 9,04 $
Spread / Average Target 85,3%
EPS Revisions
Managers and Directors
Anthony J. Noto Chief Executive Officer & Director
Christopher Lapointe Chief Financial Officer
George Thompson Hutton Chairman
Micah Heavener Head-Operations
Ahmed Ali H. A. Al-Hammadi Independent Director
Sector and Competitors