SoFi Technologies (NASDAQ:SOFI) Shares Up 4.7% – Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price shot up 4.7% during mid-day trading on Monday . The stock traded as high as $26.38 and last traded at $26.21. 41,208,138 shares traded hands during trading, a decline of 32% from the average session volume of 60,572,617 shares. The stock had previously closed at $25.02.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SOFI shares. Morgan Stanley reiterated an “underweight” rating and set a $13.00 price target (up previously from $11.00) on shares of SoFi Technologies in a report on Wednesday, July 30th. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a research report on Friday, August 1st. They issued a “neutral” rating and a $20.50 target price for the company. JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. TD Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They set a “hold” rating and a $21.00 price target for the company. Finally, Citizens Jmp cut SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $19.35.

SoFi Technologies Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $15.54. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 54.23, a price-to-earnings-growth ratio of 3.10 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to analysts’ expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business’s revenue was up 42.8% on a year-over-year basis. 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. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the transaction, the chief technology officer directly owned 724,321 shares of the company’s stock, valued at $11,263,191.55. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the transaction, the director owned 289,258 shares in the company, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,239 shares of company stock valued at $4,123,194 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings 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 acquiring an additional 14,281 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in SoFi Technologies by 133.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,643 shares of the company’s stock valued at $303,000 after purchasing an additional 11,212 shares in the last quarter. Hsbc Holdings PLC bought a new position in SoFi Technologies in the 4th quarter valued at $204,000. Price T Rowe Associates Inc. MD boosted its stake in SoFi Technologies by 2.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,518,141 shares of the company’s stock worth $23,380,000 after purchasing an additional 41,248 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of SoFi Technologies by 150.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 86,488 shares of the company’s stock worth $1,332,000 after purchasing an additional 52,021 shares during the last quarter. 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.