SoFi Technologies (NASDAQ:SOFI) Given New $21.00 Price Target at Truist Financial

SoFi Technologies (NASDAQ:SOFI) had its price target decreased by Truist Financial from $28.00 to $21.00 in a report published on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts also recently issued research reports about the stock. Barclays raised their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Bank of America assumed coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective on the stock. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, February 9th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Performance

SOFI stock opened at $19.54 on Wednesday. The stock’s 50 day simple moving average is $24.89 and its 200 day simple moving average is $26.20. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies has a 12-month low of $8.60 and a 12-month high of $32.73. The stock has a market capitalization of $23.56 billion, a PE ratio of 51.42 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The company’s revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts forecast that SoFi Technologies will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, Director Steven J. Freiberg sold 94,225 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the transaction, the director directly owned 588,849 shares in the company, valued at approximately $11,959,523.19. The trade was a 13.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Robert S. Lavet bought 5,000 shares of SoFi Technologies stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the acquisition, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. This represents a 41.08% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 251,130 shares of company stock worth $6,003,238 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new stake in SoFi Technologies in the 4th quarter worth $25,000. Blue Trust Inc. grew its position in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of SoFi Technologies during the third quarter valued at approximately $29,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.