SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $25.50 Consensus Price Target from Analysts

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have received an average recommendation of “Hold” from the twenty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.50.

SOFI has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Finally, BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th.

SoFi Technologies Stock Down 2.4%

Shares of SOFI opened at $25.51 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies has a 12 month low of $8.60 and a 12 month high of $32.73. The firm’s 50 day moving average is $27.31 and its 200-day moving average is $26.10. The stock has a market capitalization of $30.76 billion, a PE ratio of 47.23, a P/E/G ratio of 1.63 and a beta of 1.92.

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

Insider Activity

In other news, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was 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 of the company’s stock, valued at approximately $21,168,090.72. The trade was a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. This represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 157,777 shares of company stock worth $4,119,014. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in SoFi Technologies in the 2nd quarter valued at approximately $164,068,000. Vanguard Group Inc. increased its position in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after acquiring an additional 6,814,727 shares during the period. Quadrature Capital Ltd bought a new position in shares of SoFi Technologies during the second quarter valued at $115,188,000. State Street Corp lifted its holdings in shares of SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the period. Finally, Marshall Wace LLP increased its holdings in SoFi Technologies by 88.2% in the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock valued at $145,628,000 after purchasing an additional 3,748,817 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.