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 brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.50.

Several research analysts recently issued reports on SOFI shares. Bank of America began coverage on SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective for the company. Barclays boosted their price target on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 9,468 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $27.14, for a total value of $256,961.52. Following the completion of the transaction, the executive vice president directly owned 312,948 shares in the company, valued at approximately $8,493,408.72. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This trade represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 167,813 shares of company stock valued at $4,403,334. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Capital Investment Advisors LLC increased its stake in SoFi Technologies by 56.9% during the fourth quarter. Capital Investment Advisors LLC now owns 15,044 shares of the company’s stock worth $394,000 after acquiring an additional 5,458 shares during the last quarter. CoreCap Advisors LLC boosted its position in SoFi Technologies by 14.6% during the 4th quarter. CoreCap Advisors LLC now owns 21,267 shares of the company’s stock worth $557,000 after purchasing an additional 2,705 shares during the period. Baker Chad R acquired a new position in SoFi Technologies during the 4th quarter worth approximately $1,555,000. Norden Group LLC lifted its position in shares of SoFi Technologies by 14.9% during the fourth quarter. Norden Group LLC now owns 10,353 shares of the company’s stock worth $271,000 after purchasing an additional 1,342 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in shares of SoFi Technologies by 40.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 31,255 shares of the company’s stock valued at $844,000 after acquiring an additional 9,077 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $27.14 on Wednesday. The firm has a market capitalization of $32.73 billion, a PE ratio of 50.26, a P/E/G ratio of 1.68 and a beta of 1.92. SoFi Technologies has a 52 week low of $8.60 and a 52 week high of $32.73. The firm’s 50-day simple moving average is $27.63 and its 200 day simple moving average is $25.82. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same period last year, the firm posted $0.05 EPS. The firm’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, equities research analysts predict that SoFi Technologies will post 0.26 EPS for the current fiscal year.

About SoFi Technologies

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.