Piper Sandler upgraded shares of SoFi Technologies (NASDAQ:SOFI – Free Report) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.
SOFI has been the subject of several other reports. UBS Group cut their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Truist Financial upped their price objective on SoFi Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, August 12th. Needham & Company LLC cut their price objective on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. TD Cowen reduced their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Citigroup decreased their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.42.
Get Our Latest Analysis on SoFi Technologies
SoFi Technologies Trading Up 0.1%
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts anticipate that SoFi Technologies will post 0.6 EPS for the current fiscal year.
Insider Transactions at SoFi Technologies
In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26. Following the transaction, the executive vice president directly owned 367,728 shares in the company, valued at $6,321,244.32. This represents a 2.89% decrease in their ownership of the stock. 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 three months, insiders sold 135,256 shares of company stock valued at $2,370,822. 2.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On SoFi Technologies
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at $1,298,925,000. Norges Bank bought a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $321,515,000. Bank of America Corp DE bought a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $163,808,000. State Street Corp boosted its position in shares of SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after acquiring an additional 5,244,291 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.
Trending Headlines about SoFi Technologies
Here are the key news stories impacting SoFi Technologies this week:
- Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, describing SoFi as a high-growth company with a powerful product “flywheel.” Analyst Patrick Moley said the fintech deserves a premium valuation relative to peers. The SoFi rebound has only just begun, says Piper Sandler
- Positive Sentiment: Coverage also highlighted SoFi’s growth profile and recent operating momentum, portraying the company as one of the stronger performers among personal-loan stocks following the second-quarter earnings season. Personal Loan Stocks Q2 Earnings: SoFi Best of the Bunch
- Positive Sentiment: Technical analysis identified a breakout from a bullish flag pattern. A sustained move above approximately $20.13 could signal the end of SoFi’s six-month consolidation and create room for a larger advance. SoFi Technologies Price Forecast: Breakout Could End Six-Month Consolidation
- Neutral Sentiment: The bullish view contrasts with a cautious and divided Wall Street backdrop. Investors will likely assess whether SoFi’s strong revenue growth and improving profitability justify its relatively elevated valuation, including a forward-looking P/E near 38.
- Neutral Sentiment: The technical breakout remains dependent on follow-through above resistance; failure to hold recent support could weaken the bullish setup. Struggling Fintech Stock Nabs New Bull Note
About SoFi Technologies
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.
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