SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Average Rating of "Hold" from Brokerages

Key Points

• SoFi Technologies, Inc. has received an average rating of "Hold" from twenty-one brokerages, with three sell, eleven hold, and six buy recommendations.
• The average twelve-month price target for SoFi Technologies is $19.59, reflecting varying expectations from analysts, including a target of $21.00 from Barclays.
• Despite a 42.8% year-over-year increase in revenue, SoFi reported $0.08 EPS for the last quarter, slightly beating analyst expectations, while revenue fell short of estimates at $519.37 million.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-one brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.5882.

Several analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 target price on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 price objective (up previously from $11.00) on shares of SoFi Technologies in a report on Wednesday, July 30th. Redburn Atlantic upgraded shares of SoFi Technologies to a "hold" rating in a research report on Friday, August 1st. Barclays raised their target price 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. Finally, Stephens assumed coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price target for the company.

SoFi Technologies Trading Down 1.7%

Shares of NASDAQ:SOFI opened at $25.52 on Thursday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The company's 50-day moving average price is $22.74 and its 200 day moving average price is $16.44. The company has a market cap of $30.56 billion, a PE ratio of 53.17, a P/E/G ratio of 3.08 and a beta of 1.93. SoFi Technologies has a fifty-two week low of $6.95 and a fifty-two week high of $26.86.

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

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the sale, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. This represents a 8.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,959 shares of company stock valued at $1,653,646. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Reynders McVeigh Capital Management LLC grew its stake in shares of SoFi Technologies by 20.2% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 403,405 shares of the company's stock worth $7,346,000 after purchasing an additional 67,799 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in SoFi Technologies by 66.0% during the second quarter. Centaurus Financial Inc. now owns 18,522 shares of the company's stock worth $337,000 after buying an additional 7,365 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in SoFi Technologies during the second quarter worth approximately $524,000. Pathway Financial Advisers LLC grew its position in SoFi Technologies by 1.1% in the second quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company's stock worth $862,000 after buying an additional 537 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in SoFi Technologies in the second quarter worth approximately $303,000. 38.43% of the stock is owned by institutional investors and hedge funds.

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.

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