SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Has Consensus Price Target of $22.20

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have received an average recommendation of “Hold” from the twenty-five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.20.

SOFI has been the subject of a number of research reports. Mizuho lowered their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Morgan Stanley reduced their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, July 30th. Needham & Company LLC lowered their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Loop Capital initiated coverage on SoFi Technologies in a research note on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Finally, Truist Financial lifted their price target on SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at $15,971,375. The trade was a 2.00% 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. In the last ninety days, insiders have sold 50,316 shares of company stock valued at $852,605. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Reflection Asset Management bought a new position in shares of SoFi Technologies in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC raised its holdings in SoFi Technologies by 232.1% during the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after acquiring an additional 1,467 shares in the last quarter. Compass Financial Management LLC bought a new stake in SoFi Technologies during the second quarter worth about $34,000. MassMutual Private Wealth & Trust FSB grew its stake in SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock valued at $35,000 after purchasing an additional 689 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of SoFi Technologies during the 4th quarter worth approximately $36,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $14.77 on Friday. The company has a market capitalization of $19.08 billion, a P/E ratio of 30.77, a P/E/G ratio of 0.86 and a beta of 2.33. SoFi Technologies has a 12 month low of $13.86 and a 12 month high of $32.73. The stock has a 50 day moving average of $16.81 and a two-hundred day moving average of $17.09. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts expect that SoFi Technologies will post 0.60 EPS for the current year.

SoFi Technologies News Roundup

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

• Positive Sentiment: Tokenized deposit launch: SoFi introduced SOFIE, a tokenized bank deposit offering a reported 4.40% yield and FDIC insurance. Each token represents $1 held at SoFi Bank and can be converted into SoFiUSD for crypto purchases or on-chain transfers. The product could attract idle digital-asset cash, increase deposits and deepen customer engagement while differentiating SoFi from conventional stablecoins. Reuters article
• Positive Sentiment: Expanded financial-product ecosystem: SoFi partnered with Prudential Financial to offer term life insurance directly through its app to more than 15 million members. In-app quotes, applications and purchases could support cross-selling and diversify revenue beyond lending. SoFi and Prudential partnership
• Neutral Sentiment: Earnings are the next major test: Investors are looking for evidence that SoFi’s strong growth is continuing in the quarter ended September. Reports cite an expected revenue figure of approximately $1.26 billion, making the Oct. 27 release a potentially important catalyst for the stock. Zacks Q3 preview
• Negative Sentiment: Persistent share-price weakness: SoFi has traded near its 52-week low and substantially below its 50-day and 200-day moving averages. Commentary questions whether the crypto-linked launch can reverse the decline or distract from concerns that will be tested by earnings. SoFi stock performance analysis

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.