SoFi Technologies, Inc. (NASDAQ:SOFI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• SoFi Technologies, Inc. has been given an average recommendation of "Hold" by 22 research firms, with three ratings for sell, twelve for hold, six for buy, and one for strong buy.
• CTO Jeremy Rishel sold over 98,000 shares of SoFi stock for approximately $2.7 million, representing an 11.5% decrease in his holdings.
• The company's stock is currently down 2.8% and has a market capitalization of $30.22 billion, with a recent trading range between a 12-month low of $7.90 and a high of $30.30.

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-two research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.1765.

A number of research analysts recently weighed in on the company. Stephens assumed coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target on the stock. Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating for the company. Needham & Company LLC upped their target price on SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Mizuho increased their target price on SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Finally, TD Cowen started coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price target for the company.

Insider Activity

In related news, CTO Jeremy Rishel sold 98,733 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the sale, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 10,036 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the completion of the transaction, the executive vice president directly owned 285,410 shares in the company, valued at approximately $7,951,522.60. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,614 shares of company stock valued at $3,452,672. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. raised its position in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after buying an additional 2,200 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of SoFi Technologies in the 1st quarter worth $28,000. SVB Wealth LLC purchased a new stake in shares of SoFi Technologies in the first quarter valued at about $28,000. Garde Capital Inc. purchased a new stake in shares of SoFi Technologies in the first quarter valued at about $31,000. Finally, Larson Financial Group LLC lifted its position in shares of SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after purchasing an additional 1,519 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Down 2.8%

SoFi Technologies stock opened at $25.24 on Monday. The company has a market capitalization of $30.22 billion, a PE ratio of 52.58, a PEG ratio of 3.00 and a beta of 1.92. SoFi Technologies has a 12-month low of $7.90 and a 12-month high of $30.30. The firm's fifty day moving average is $25.03 and its 200 day moving average is $18.23. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57.

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 for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business's 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. As a group, sell-side analysts predict that SoFi Technologies will post 0.26 EPS for the current fiscal year.

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.

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