SoFi Technologies (NASDAQ:SOFI) Given New $31.00 Price Target at Mizuho

SoFi Technologies (NASDAQ:SOFI) had its price target lifted by Mizuho from $26.00 to $31.00 in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price target on shares of SoFi Technologies from $13.00 to $14.00 and gave the company an “underperform” rating in a research note on Tuesday, August 5th. Barclays upped their price target on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Truist Financial set a $23.00 price target on shares of SoFi Technologies in a research note on Monday, August 4th. JMP Securities restated a “market perform” rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Finally, Needham & Company LLC upped their price target on shares of SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.88.

SoFi Technologies Price Performance

Shares of SOFI opened at $28.11 on Thursday. The firm has a market capitalization of $33.66 billion, a PE ratio of 58.56, a PEG ratio of 3.22 and a beta of 1.93. The company’s 50-day moving average is $23.65 and its 200-day moving average is $16.98. SoFi Technologies has a fifty-two week low of $7.57 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The company’s revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the sale, the executive vice president owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SoFi Technologies

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in SoFi Technologies by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock valued at $1,826,235,000 after purchasing an additional 820,190 shares during the period. Norges Bank acquired a new stake in SoFi Technologies in the 2nd quarter valued at $164,068,000. Marshall Wace LLP grew its position in SoFi Technologies by 88.2% in the 2nd 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. Charles Schwab Investment Management Inc. grew its position in SoFi Technologies by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock valued at $120,702,000 after purchasing an additional 155,583 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in SoFi Technologies in the 2nd quarter valued at $115,188,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.