Wedbush Comments on SoFi Technologies, Inc.’s FY2025 Earnings (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFIGet Rating) – Wedbush boosted their FY2025 earnings estimates for shares of SoFi Technologies in a report released on Wednesday, May 11th. Wedbush analyst D. Chiaverini now expects that the company will earn $0.24 per share for the year, up from their prior estimate of $0.23.

SoFi Technologies (NASDAQ:SOFIGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $321.70 million during the quarter, compared to analysts’ expectations of $283.99 million. The firm’s quarterly revenue was up 48.9% on a year-over-year basis.

Several other equities analysts also recently issued reports on SOFI. Rosenblatt Securities cut their target price on SoFi Technologies from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Citigroup cut their target price on SoFi Technologies from $20.00 to $17.00 in a research report on Friday, April 8th. Mizuho cut their price target on shares of SoFi Technologies from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 7th. Piper Sandler initiated coverage on shares of SoFi Technologies in a report on Monday, March 7th. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, Moffett Nathanson initiated coverage on shares of SoFi Technologies in a report on Tuesday, April 5th. They issued a “buy” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.04.

Shares of SoFi Technologies stock opened at $5.49 on Thursday. The company has a quick ratio of 22.93, a current ratio of 22.93 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average price of $8.05 and a 200 day moving average price of $12.94. SoFi Technologies has a 52 week low of $4.82 and a 52 week high of $24.95.

A number of hedge funds have recently bought and sold shares of the stock. WASHINGTON TRUST Co purchased a new stake in shares of SoFi Technologies during the first quarter worth $26,000. US Bancorp DE increased its holdings in shares of SoFi Technologies by 197.0% in the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock valued at $28,000 after purchasing an additional 2,000 shares during the last quarter. Herold Advisors Inc. acquired a new stake in shares of SoFi Technologies in the first quarter valued at approximately $29,000. SOA Wealth Advisors LLC. lifted its position in SoFi Technologies by 113.3% during the first quarter. SOA Wealth Advisors LLC. now owns 3,200 shares of the company’s stock worth $30,000 after buying an additional 1,700 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in SoFi Technologies by 119.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,975 shares of the company’s stock worth $31,000 after buying an additional 1,075 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

In related news, insider Micah Heavener sold 5,000 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $8.01, for a total value of $40,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ahmed Ali Al-Hammadi purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was bought at an average cost of $8.40 per share, with a total value of $84,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 97,640 shares of company stock worth $871,799 over the last 90 days. Insiders own 35.10% of the company’s stock.

About SoFi Technologies (Get Rating)

SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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Earnings History and Estimates for SoFi Technologies (NASDAQ:SOFI)

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