SoFi Technologies (NASDAQ:SOFI) Reaches New 52-Week High - Time to Buy?

Key Points

• SoFi Technologies shares reached a new 52-week high at $27.77 during trading, reflecting significant investor interest and stock activity.
• The company reported $0.08 EPS for the last quarter, surpassing analysts' expectations, but its revenue fell short of forecasts at $519.37 million.
• Analysts show mixed ratings for SoFi, with a consensus rating of "Hold" and an average price target of $19.59, indicating potential caution among investors.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.77 and last traded at $27.67, with a volume of 66474281 shares. The stock had previously closed at $26.55.

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. Mizuho increased their price target on SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday. Cowen began coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating for the company. Stephens began coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target for the company. Citizens Jmp lowered SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus price target of $19.88.

SoFi Technologies Trading Up 4.0%

The stock's fifty day moving average price is $23.65 and its 200 day moving average price is $16.98. The stock has a market cap of $35.02 billion, a P/E ratio of 61.14, a PEG ratio of 3.22 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million during 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 period last year, the business earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. The trade was a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

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

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.