SoFi Technologies, Inc. (NASDAQ:SOFI) Given Consensus Recommendation of “Hold” by Analysts

SoFi Technologies, Inc. (NASDAQ:SOFI) has been given a consensus rating of “Hold” by the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.9412.

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a research report on Thursday. Needham & Company LLC lifted their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays lifted their price objective on shares of SoFi Technologies from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday. Cowen assumed coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a report on Tuesday.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares of the company’s stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the transaction, the executive vice president owned 275,374 shares of the company’s stock, valued at $7,801,345.42. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,383 shares of company stock valued at $3,513,171 over the last ninety days. Insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in SoFi Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock worth $1,826,235,000 after acquiring an additional 820,190 shares in the last quarter. Norges Bank acquired a new position in SoFi Technologies during the 2nd quarter worth approximately $164,068,000. Marshall Wace LLP increased its holdings in shares of SoFi Technologies by 88.2% during the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after buying an additional 3,748,817 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SoFi Technologies by 2.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock worth $120,702,000 after buying an additional 155,583 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SoFi Technologies by 87.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock worth $168,079,000 after buying an additional 2,961,849 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $29.03 on Friday. The business’s fifty day moving average price is $27.20 and its 200 day moving average price is $20.40. The firm has a market capitalization of $34.76 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 3.13 and a beta of 1.92. SoFi Technologies has a 12 month low of $8.60 and a 12 month high of $32.56. 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 posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. SoFi Technologies’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts anticipate that SoFi Technologies will post 0.26 earnings per share for the current fiscal year.

About SoFi Technologies

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.