Seaport Res Ptn Issues Optimistic Forecast for SOFI Earnings

Key Points

• Seaport Res Ptn has raised its FY2025 earnings forecast for SoFi Technologies to $0.31 per share, up from $0.26, indicating growing confidence in the company's performance.
• SoFi reported a quarterly earnings per share of $0.08, exceeding expectations, but with revenue falling short of analyst estimates at $519.37 million.
• Price targets for SoFi's stock have been adjusted by various brokerages, with JPMorgan increasing it from $22.00 to $24.00, while Needham & Company raised theirs from $25.00 to $29.00.

SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) - Seaport Res Ptn raised their FY2025 earnings estimates for shares of SoFi Technologies in a report issued on Monday, September 15th. Seaport Res Ptn analyst W. Ryan now forecasts that the company will earn $0.31 per share for the year, up from their prior estimate of $0.26. The consensus estimate for SoFi Technologies' current full-year earnings is $0.26 per share. Seaport Res Ptn also issued estimates for SoFi Technologies' Q4 2025 earnings at $0.09 EPS and FY2026 earnings at $0.55 EPS.

Other equities analysts have also issued reports about the company. Cowen assumed coverage on SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating for the company. Citizens Jmp lowered shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. Mizuho upped their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 target price (up from $11.00) on shares of SoFi Technologies in a report on Wednesday, July 30th. Finally, Stephens started coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.88.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded up $1.17 on Tuesday, reaching $29.28. 48,524,836 shares of the company were exchanged, compared to its average volume of 61,302,039. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The company's 50-day moving average is $23.65 and its two-hundred day moving average is $16.98. The firm has a market cap of $35.06 billion, a price-to-earnings ratio of 61.03, a P/E/G ratio of 3.22 and a beta of 1.93. SoFi Technologies has a 1-year low of $7.57 and a 1-year high of $29.63.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm's quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,578 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the sale, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of 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 buying an additional 14,281 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of SoFi Technologies by 4.1% during the 4th quarter. Ameriprise Financial Inc. now owns 696,799 shares of the company's stock valued at $10,731,000 after buying an additional 27,367 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of SoFi Technologies by 94.4% during the 4th quarter. Lazard Asset Management LLC now owns 19,649 shares of the company's stock valued at $301,000 after buying an additional 9,539 shares in the last quarter. Man Group plc purchased a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $6,906,000. Finally, Tidal Investments LLC lifted its position in shares of SoFi Technologies by 302.2% during the 4th quarter. Tidal Investments LLC now owns 185,677 shares of the company's stock valued at $2,859,000 after buying an additional 139,510 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.