I have upped my stake in this considerably yesterday and today. I’m now at around 10%. The numbers look great even without the student lending business, and that is its biggest business (where it has a 60% market share!) and is about to come back online as the student loan payments resume following a pause mandated by the Biden Administration.
I also love the aggressive share buying by the CEO. He was buying steadily in the low/mid-teens and he just kept buying more the more the stock fell.
In case anyone is curious, I have added to SOFI by selling down my PGY stake to 13%. For more discussion of PGY, see here.