SoFi Technologies (NASDAQ:SOFI) Upgraded at Piper Sandler

SoFi Technologies (NASDAQ:SOFI) was upgraded by investment analysts at Piper Sandler to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on SOFI. UBS Group lowered their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Needham & Company LLC cut their price target on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Stephens reduced their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Mizuho dropped their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, Citigroup cut their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.42.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $18.31 on Monday. The stock has a fifty day moving average price of $17.58 and a two-hundred day moving average price of $17.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm has a market cap of $23.65 billion, a P/E ratio of 38.15 and a beta of 2.17. SoFi Technologies has a 1 year low of $14.88 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Research analysts forecast that SoFi Technologies will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $17.19, for a total value of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the transaction, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 135,256 shares of company stock worth $2,370,822 over the last ninety days. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of SoFi Technologies in the second quarter worth about $3,137,000. United Capital Financial Advisors LLC acquired a new stake in shares of SoFi Technologies during the second quarter valued at approximately $333,000. Caitlin John LLC purchased a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $77,000. Equitable Holdings Inc. purchased a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $1,610,000. Finally, Centaurus Financial Inc. acquired a new position in SoFi Technologies in the 2nd quarter worth approximately $1,382,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, describing SoFi as a high-growth company with a powerful product “flywheel.” Analyst Patrick Moley said the fintech deserves a premium valuation relative to peers. The SoFi rebound has only just begun, says Piper Sandler
• Positive Sentiment: Coverage also highlighted SoFi’s growth profile and recent operating momentum, portraying the company as one of the stronger performers among personal-loan stocks following the second-quarter earnings season. Personal Loan Stocks Q2 Earnings: SoFi Best of the Bunch
• Positive Sentiment: Technical analysis identified a breakout from a bullish flag pattern. A sustained move above approximately $20.13 could signal the end of SoFi’s six-month consolidation and create room for a larger advance. SoFi Technologies Price Forecast: Breakout Could End Six-Month Consolidation
• Neutral Sentiment: The bullish view contrasts with a cautious and divided Wall Street backdrop. Investors will likely assess whether SoFi’s strong revenue growth and improving profitability justify its relatively elevated valuation, including a forward-looking P/E near 38.
• Neutral Sentiment: The technical breakout remains dependent on follow-through above resistance; failure to hold recent support could weaken the bullish setup. Struggling Fintech Stock Nabs New Bull Note

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.