SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• SoFi Technologies, Inc. has received a consensus rating of "Hold" from 21 brokerages, with a mix of recommendations including three sells, eleven holds, six buys, and one strong buy.
• Analysts have set an average twelve-month price target for SoFi stock at $18.29, with several firms updating their price objectives recently.
• Insider trading has seen significant activity, with CTO Jeremy Rishel selling over 66,000 shares and Director Magdalena Yesil also reducing their holdings, highlighting potential concerns over insider sentiment.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) has earned an average rating of "Hold" from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.3529.

SOFI has been the subject of several analyst reports. Citigroup raised their price target on shares of SoFi Technologies from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday. Rothschild & Co Redburn initiated coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They set a "neutral" rating and a $20.50 price target for the company. Barclays raised their price target on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods raised their price target on shares of SoFi Technologies from $13.00 to $14.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group began coverage on shares of SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 price target for the company.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 10,267 shares of SoFi Technologies stock in a transaction on Friday, July 18th. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the transaction, the executive vice president owned 245,200 shares of the company's stock, valued at $5,345,360. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the transaction, the director directly owned 289,258 shares of the company's stock, valued at $4,162,422.62. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 261,661 shares of company stock valued at $3,889,103 over the last quarter. Insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently bought and sold shares of SOFI. Brighton Jones LLC raised its stake in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares during the last quarter. Russell Investments Group Ltd. increased its stake in SoFi Technologies by 5.6% in the fourth quarter. Russell Investments Group Ltd. now owns 52,564 shares of the company's stock valued at $809,000 after purchasing an additional 2,774 shares in the last quarter. Invesco Ltd. increased its stake in SoFi Technologies by 84.7% in the fourth quarter. Invesco Ltd. now owns 1,408,801 shares of the company's stock valued at $21,696,000 after purchasing an additional 645,994 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SoFi Technologies in the fourth quarter valued at $14,479,000. Finally, XTX Topco Ltd bought a new stake in SoFi Technologies in the fourth quarter valued at $364,000. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

SoFi Technologies stock traded down $0.23 during mid-day trading on Friday, reaching $22.52. The company had a trading volume of 87,486,600 shares, compared to its average volume of 74,044,864. SoFi Technologies has a fifty-two week low of $6.75 and a fifty-two week high of $25.11. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The company has a market cap of $26.97 billion, a P/E ratio of 46.92, a P/E/G ratio of 2.82 and a beta of 1.93. The business has a fifty day simple moving average of $19.93 and a 200 day simple moving average of $15.41.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities research analysts predict that SoFi Technologies will post 0.26 earnings per share for the current year.

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.