Analysts Set SoFi Technologies, Inc. (NASDAQ:SOFI) PT at $20.18

SoFi Technologies, Inc. (NASDAQ:SOFI) has received an average recommendation of “Hold” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.1765.

SOFI has been the subject of a number of recent analyst reports. Barclays upped their price target on SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Morgan Stanley upped their price target on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 14th. Truist Financial set a $23.00 target price on SoFi Technologies in a report on Monday, August 4th. Finally, Cowen assumed coverage on SoFi Technologies in a report on Friday, July 11th. They set a “hold” rating on the stock.

SoFi Technologies Trading Down 7.9%

SOFI opened at $26.19 on Monday. The business has a 50 day simple moving average of $25.59 and a two-hundred day simple moving average of $18.73. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 3.11 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies has a one year low of $8.60 and a one year high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.SoFi Technologies’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Analysts predict that SoFi Technologies will post 0.26 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,614 shares of company stock worth $3,452,672 in the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. Brighton Jones LLC grew its stake in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after buying an additional 14,281 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of SoFi Technologies by 1,525.8% in the 1st quarter. GAMMA Investing LLC now owns 96,331 shares of the company’s stock worth $1,120,000 after buying an additional 90,406 shares during the last quarter. Rhumbline Advisers grew its stake in shares of SoFi Technologies by 4.1% in the 1st quarter. Rhumbline Advisers now owns 1,075,817 shares of the company’s stock worth $12,512,000 after buying an additional 42,215 shares during the last quarter. NBC Securities Inc. grew its stake in shares of SoFi Technologies by 109,571.4% in the 1st quarter. NBC Securities Inc. now owns 7,677 shares of the company’s stock worth $89,000 after buying an additional 7,670 shares during the last quarter. Finally, City State Bank grew its stake in shares of SoFi Technologies by 2,000.0% in the 1st quarter. City State Bank now owns 5,250 shares of the company’s stock worth $61,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.