SoFi Technologies (NASDAQ:SOFI) Earns Neutral Rating from BTIG Research

SoFi Technologies (NASDAQ:SOFI)‘s stock had its “neutral” rating reissued by analysts at BTIG Research in a report released on Wednesday,Benzinga reports.

A number of other research firms have also recently commented on SOFI. Mizuho increased their price target on shares of SoFi Technologies from $26.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley raised their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $14.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, October 15th. Finally, Barclays raised their target price on shares of SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $24.94.

SoFi Technologies Price Performance

SOFI stock opened at $29.03 on Wednesday. SoFi Technologies has a 1 year low of $8.60 and a 1 year high of $32.56. The firm has a 50-day moving average of $27.20 and a 200 day moving average of $20.40. The company has a market cap of $34.76 billion, a P/E ratio of 53.76, a PEG ratio of 3.13 and a beta of 1.92. 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 announced its earnings results 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. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. The business had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $28.33, for a total value of $284,319.88. Following the sale, the executive vice president directly owned 275,374 shares in the company, valued at $7,801,345.42. The trade was a 3.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 129,383 shares of company stock worth $3,513,171. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Large investors have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares during the last quarter. GAMMA Investing LLC grew its holdings in SoFi Technologies by 39.8% during the 1st quarter. GAMMA Investing LLC now owns 8,283 shares of the company’s stock valued at $96,000 after purchasing an additional 2,358 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in SoFi Technologies by 55.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 8,114 shares of the company’s stock valued at $94,000 after purchasing an additional 2,880 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in SoFi Technologies during the 1st quarter valued at about $181,000. Finally, Diversified Trust Co bought a new position in SoFi Technologies during the 1st quarter valued at about $127,000. 38.43% of the stock is currently owned by institutional investors.

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.