SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.5556.
A number of analysts have weighed in on SOFI shares. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 3rd. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a research report on Thursday, April 30th. Citizens Jmp raised SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, February 9th. Argus started coverage on SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Finally, UBS Group decreased their price objective on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th.
Read Our Latest Stock Analysis on SOFI
SoFi Technologies Price Performance
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts expect that SoFi Technologies will post 0.59 earnings per share for the current year.
Insider Activity
In other news, CTO Jeremy Rishel sold 94,958 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the sale, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at $14,634,925.20. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Noto purchased 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $16.00 per share, with a total value of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 124,479 shares of company stock valued at $2,163,556 in the last three months. 2.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On SoFi Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at $321,515,000. Vanguard Group Inc. grew its position in shares of SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. State Street Corp grew its position in shares of SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares during the period. Marshall Wace LLP grew its position in shares of 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 purchasing an additional 5,244,291 shares during the period. Finally, Morgan Stanley grew its position in shares of SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.
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.
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