SoFi Technologies (NASDAQ:SOFI) Trading Up 1.8% – What’s Next?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) rose 1.8% on Thursday . The company traded as high as $26.39 and last traded at $26.09. Approximately 35,130,366 shares were traded during trading, a decline of 33% from the average daily volume of 52,392,582 shares. The stock had previously closed at $25.64.

Analysts Set New Price Targets

A number of brokerages recently commented on SOFI. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Truist Financial dropped their price target on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Barclays increased their price objective on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Morgan Stanley lifted their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group dropped their target price on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.50.

SoFi Technologies Price Performance

The company’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $26.09. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.60 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 19.29% and a return on equity of 5.12%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In related news, CTO Jeremy Rishel sold 91,837 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the completion of the transaction, the chief technology officer owned 794,598 shares in the company, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 9,468 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $25.75, for a total transaction of $243,801.00. Following the transaction, the executive vice president owned 303,480 shares of the company’s stock, valued at approximately $7,814,610. This represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,245 shares of company stock worth $4,362,815 over the last ninety days. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after buying an additional 14,281 shares during the period. Caxton Associates LLP acquired a new stake in SoFi Technologies during the 1st quarter valued at $129,000. Empowered Funds LLC lifted its holdings in SoFi Technologies by 5.2% during the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after purchasing an additional 1,631 shares during the last quarter. Farther Finance Advisors LLC boosted its position in SoFi Technologies by 147.7% during the second quarter. Farther Finance Advisors LLC now owns 10,771 shares of the company’s stock worth $196,000 after purchasing an additional 6,423 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of SoFi Technologies by 34.5% in the second quarter. Park Avenue Securities LLC now owns 18,992 shares of the company’s stock valued at $346,000 after purchasing an additional 4,870 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.