SoFi Technologies (NASDAQ:SOFI) Given New $20.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group cut its price target on SoFi from $25 to $20 and kept a "neutral" rating, a target that the firm says implies about a 12.43% upside from the current price.
• Analyst views are mixed—seven Buy, nine Hold and three Sell—giving SoFi a consensus rating of "Hold" with an average price target of $24.85.
• SoFi recently beat quarterly estimates with $0.13 EPS (vs. $0.12 expected) and revenue of $1.01B (up 39.6% YoY), trades around $17.79 (market cap ~$22.7B), but insiders have been net sellers in the past 90 days.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its price target lowered by equities research analysts at The Goldman Sachs Group from $25.00 to $20.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential upside of 12.43% from the company's current price.

A number of other brokerages have also issued reports on SOFI. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Wells Fargo & Company cut their target price on SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. Truist Financial cut their target price on SoFi Technologies from $28.00 to $21.00 and set a "hold" rating on the stock in a research report on Wednesday, February 18th. UBS Group set a $24.50 target price on SoFi Technologies in a research report on Monday, February 2nd. Finally, Barclays cut their target price on SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and an average price target of $24.85.

SoFi Technologies Stock Performance

NASDAQ:SOFI traded up $0.74 during midday trading on Tuesday, reaching $17.79. 34,659,639 shares of the company traded hands, compared to its average volume of 62,079,813. SoFi Technologies has a twelve month low of $10.41 and a twelve month high of $32.73. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 46.81 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The company has a fifty day moving average price of $18.08 and a 200 day moving average price of $24.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm's quarterly 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. On average, analysts expect that SoFi Technologies will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the transaction, the director directly owned 588,849 shares of the company's stock, valued at $11,959,523.19. This represents a 13.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the company's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,148 shares worth $4,161,735. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently added to or reduced their stakes in SOFI. Norges Bank bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $321,515,000. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after buying an additional 6,814,727 shares in the last quarter. State Street Corp raised its holdings in shares of SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company's stock worth $642,019,000 after buying an additional 5,708,053 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of SoFi Technologies by 372.9% in the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock worth $174,116,000 after buying an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock worth $348,806,000 after buying an additional 3,350,258 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Company Profile

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.

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