SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.7% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $30.42 and last traded at $29.51. 59,086,274 shares traded hands during trading, a decline of 8% from the average session volume of 64,302,250 shares. The stock had previously closed at $29.03.

Analysts Set New Price Targets

A number of analysts have recently commented on SOFI shares. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Mizuho set a $38.00 target price on shares of SoFi Technologies in a research report on Thursday, October 30th. Morgan Stanley increased their price target on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Needham & Company LLC raised 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.88.

SoFi Technologies Stock Up 1.7%

The company’s 50-day simple moving average is $28.16 and its two-hundred day simple moving average is $22.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The firm has a market capitalization of $35.59 billion, a P/E ratio of 54.65, a P/E/G ratio of 2.90 and a beta of 1.93.

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

Insider Activity

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider owned 138,396 shares of the company’s stock, valued at $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 175,277 shares of company stock valued at $4,694,595 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Xcel Wealth Management LLC boosted its stake in shares of SoFi Technologies by 0.6% in the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after acquiring an additional 392 shares during the period. Key Client Fiduciary Advisors LLC grew its holdings in SoFi Technologies by 3.1% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after buying an additional 419 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after buying an additional 427 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of SoFi Technologies by 4.2% during the third quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock worth $291,000 after acquiring an additional 446 shares during the last quarter. Finally, Blume Capital Management Inc. grew its stake in SoFi Technologies by 52.9% during the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock valued at $34,000 after acquiring an additional 450 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

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.