Analysts Set SoFi Technologies, Inc. (NASDAQ:SOFI) PT at $24.94

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have been given a consensus recommendation of “Hold” by the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.9412.

Several research analysts recently weighed in on the company. Barclays increased their target price on SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen assumed coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. increased their target price on SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods increased their target price on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Finally, Rothschild & Co Redburn started coverage on SoFi Technologies in a research report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective on the stock.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 129,383 shares of company stock worth $3,513,171 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after acquiring an additional 1,130,250 shares during the last quarter. Sullivan Wood Capital Management LLC bought a new position in SoFi Technologies in the second quarter worth about $2,799,000. Blair William & Co. IL lifted its holdings in SoFi Technologies by 443.9% in the second quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock worth $6,113,000 after acquiring an additional 273,972 shares during the last quarter. Nicholas Wealth LLC. bought a new position in SoFi Technologies in the first quarter worth about $993,000. Finally, Quantitative Investment Management LLC bought a new position in SoFi Technologies in the first quarter worth about $2,862,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Up 2.2%

Shares of SOFI opened at $29.68 on Friday. 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 firm has a market capitalization of $35.54 billion, a P/E ratio of 54.96, a price-to-earnings-growth ratio of 3.02 and a beta of 1.93. The stock’s fifty day simple moving average is $27.29 and its 200 day simple moving average is $20.66. SoFi Technologies has a twelve month low of $8.60 and a twelve month high of $32.56.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.52% and a net margin of 19.29%.The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities research analysts forecast that SoFi Technologies will post 0.26 earnings per share for the current year.

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.