SoFi Technologies (NASDAQ:SOFI - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02, Zacks reports. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. The company's revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. SoFi Technologies updated its FY 2025 guidance to 0.310-0.310 EPS.
SoFi Technologies Price Performance
Shares of NASDAQ SOFI opened at $21.02 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $23.23 billion, a PE ratio of 51.27, a P/E/G ratio of 3.58 and a beta of 1.91. The firm has a fifty day simple moving average of $16.88 and a 200 day simple moving average of $14.66. SoFi Technologies has a twelve month low of $6.01 and a twelve month high of $22.74.
Analysts Set New Price Targets
A number of research firms have commented on SOFI. The Goldman Sachs Group began coverage on shares of SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. TD Cowen started coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating and a $21.00 price objective on the stock. Stephens started coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price objective on the stock. JMP Securities reaffirmed a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. Finally, Citizens Jmp cut shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $16.78.
Check Out Our Latest Stock Analysis on SoFi Technologies
Insiders Place Their Bets
In other news, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the transaction, the director directly owned 289,258 shares in the company, valued at $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the transaction, the chief technology officer owned 724,321 shares of the company's stock, valued at $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,181 shares of company stock worth $4,043,240. 2.60% of the stock is currently owned by company insiders.
Institutional Trading of SoFi Technologies
Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in shares of SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock valued at $385,000 after purchasing an additional 1,631 shares during the period. Caxton Associates LLP purchased a new position in SoFi Technologies in the 1st quarter worth approximately $129,000. Finally, Brighton Jones LLC grew its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares in the last quarter. 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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