SoFi Technologies (NASDAQ:SOFI) Shares Up 2% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 2% during trading on Tuesday . The stock traded as high as $27.20 and last traded at $27.14. 45,268,661 shares changed hands during trading, a decline of 25% from the average session volume of 60,152,387 shares. The stock had previously closed at $26.60.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Barclays boosted their target price on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. UBS Group raised their price target on SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Needham & Company LLC lifted their price target on SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average price target of $25.50.

SoFi Technologies Stock Performance

The company has a market capitalization of $32.73 billion, a PE ratio of 50.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.92. The stock’s fifty day simple moving average is $27.68 and its 200-day simple moving average is $25.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The company’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,340 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the transaction, the executive vice president directly owned 265,034 shares in the company, valued at approximately $7,004,848.62. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the sale, the chief technology officer directly owned 794,598 shares in the company, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 167,813 shares of company stock valued at $4,403,334 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division purchased a new position in SoFi Technologies during the fourth quarter worth approximately $28,000. Salomon & Ludwin LLC purchased a new position in shares of SoFi Technologies in the 3rd quarter worth $29,000. SJS Investment Consulting Inc. boosted its holdings in SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in SoFi Technologies by 693.5% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company’s stock valued at $32,000 after acquiring an additional 1,075 shares during the period. Finally, Aventura Private Wealth LLC acquired a new stake in SoFi Technologies during the fourth quarter worth about $33,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.