SoFi Technologies (NASDAQ:SOFI - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.310-0.310 for the period, compared to the consensus earnings per share estimate of 0.281. The company issued revenue guidance of $3.4 billion-$3.4 billion, compared to the consensus revenue estimate of $3.3 billion.
SoFi Technologies Stock Down 0.8%
Shares of NASDAQ:SOFI opened at $21.02 on Tuesday. The firm has a market cap of $23.23 billion, a P/E ratio of 51.27, a P/E/G ratio of 3.58 and a beta of 1.91. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. SoFi Technologies has a 12-month low of $6.01 and a 12-month high of $22.74. The business has a fifty day simple moving average of $16.88 and a 200 day simple moving average of $14.66.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. Analysts predict that SoFi Technologies will post 0.26 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on SOFI. JMP Securities reaffirmed a "market perform" rating and issued a $17.00 target price on shares of SoFi Technologies in a research report on Monday, July 14th. Stephens began coverage on SoFi Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price for the company. TD Cowen initiated coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating and a $21.00 target price for the company. Cowen initiated coverage on SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating for the company. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of SoFi Technologies in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $16.78.
Read Our Latest Analysis on SOFI
Insider Buying and Selling
In related news, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 10,267 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 245,200 shares of the company's stock, valued at $5,345,360. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,181 shares of company stock valued at $4,043,240 over the last ninety days. 2.60% of the stock is owned by insiders.
Hedge Funds Weigh In On SoFi Technologies
A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of SoFi Technologies by 5.2% during the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after buying an additional 1,631 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of SoFi Technologies in the first quarter worth about $129,000. Finally, Brighton Jones LLC raised its position in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after acquiring an additional 14,281 shares during the period. Institutional investors own 38.43% of the company's stock.
About SoFi Technologies
(
Get Free Report)
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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