Why Is SoFi Down 20% After (Mostly) Stellar Earnings?

SoFi recently reported its first quarter earnings, and now that the market has had time to digest the results, the stock has fallen sharply. But were SoFi's results really that bad, or is this an excellent opportunity for patient long-term investors?
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[@brianfuller2483]

SoFi is just getting going. Still in the early stages. I bought more under $5 today. Once student loans come back and the market starts new bull run., this stock should take flight.

[@r1tz97]

if bullish i recommend the January 2025 $10 calls they are $75 today and if sofi goes to $17.50 at any point before January 2025 those contracts will be worth $750

[@janshuster1426]

​@@r1tz97 If that is your premise I would buy $2.50 call leaps and then sell way OTM calls against it. Or just buy the leaps.

[@mrtaylor3814]

Over 17K worth of SOFI! not selling!

[@douglasssmith3078]

Over 20k worth not selling till 60 dollars a share! What’s your average price?

[@mrtaylor3814]

@@douglasssmith3078 $5.51

[@laurarodgers2780]

Hey Matt! Can you do an analysis on AQST? They just got major price target increases including $8, $12 and $24 and are now profitable. Only a $2.40 stock and seems like it could be a great long term play. They make suboxone and other oral film meds that are like listerine strips which will eliminate the use of needles in many medications in the future. Would love to hear what you think about them!

[@jamesgreene9631]

looks like a massive coordinated short attack. Keep calm and carry on buying.

[@tonyprice2256]

That is exactly what it was. Probably a big bank or institution.

[@sdawg331]

Happy Sofi user, happy sofi investor.

[@MoMo-00]

Same!

[@themapmaker5374]

Well, thanks for the encouragement Matt. I have a stake in SoFi as well. Yes, I agree, just a knee jerk reaction it seems. -20%?? C'mon! But, I'm holding it long term. Perhaps I'll accumulate more at these prices.

[@JayFiCPA]

I bought more! 😂 It's gonna be profitable like next year.

[@MoMo-00]

Matt, if you feel comfortable, would you mind sharing what your current cost basis is on sofi stock?

[@mohamedgoldstein5565]

I think its the Wyndham buy. Not a good time to buy a lender.

[@davep.7737]

Apple will be the angel of death for most fintechs, I'm afraid.

[@FaithFitFinance]

I bought it as a speculative type stock. It’s only around 2.5% of my portfolio

[@andrewmitchell2]

Why was it expected that Galileo accounts would drop ? Thanks for the content :)

[@topshelfornoshelf2158]

3617 shares long!!!!

[@MysteriousMM]

Short Seller said SOFI is going bankrupt so we all sold after earnings

[@FaithFitFinance]

FUD

[@tonyprice2256]

The short seller lied

[@xiaoshibo]

Hi Matt, can you make a analyse for TWLO please? I dont understand why its price dropped even lower than last earning report which was pretty good. Cheers!

[@affegorilla1299]

it is just so perfect this is the investors dream! they get stronger and stronger and the price cheaper and cheaper just becaue of the hole banking narrative going on! I LOVE IT!

[@EnglishCad]

It's been like trying to catch a falling knife these last 3 days. Fundamentals are good however so I had a bit of a bet. It's only money🙄

[@stephenkowalski2448]

SoFi earnings were nothing special, a little growth and still losing money. Not attractive in this market, also it was run up before earnings. Also all KZbinrs said buy SoFi at over $20 due to banking charter, now it has it and it is under $5! This is a stock of KZbin fools

[@zenzei_305]

I tapped out and took a $7000 loss

[@benjaminmurphy498]

What percentage? I bought like 400 more shares today sporadically.

[@lifetimeaesthetics]

Lol classic buy high and sell low. If you liked it at the price you bought it, why would you sell for a big loss? That’s rough bro. Dollar cost average and be patient. Great fundamentals and will be profitable end of year. It’s just a trash market right now, which is great for investors who look long term. Cheap share prices 👏🏼

[@stephenkowalski2448]

Trash stock pumped by the motley fool and KZbin grifters, buy at $20+ because of bank charter, that was years ago and now has it and stock is under $5, what a joke.

[@zenzei_305]

@@lifetimeaesthetics I sold it then used funds to buy JBLU and recovered 5k out of the 7 down. I don’t like to have my money tied down

[@roseymalino9855]

Good investing to admit you were wrong, cut your losses, and move on to better opportunities. Riding it to zero is a ticket to the poorhouse.