SoFi Technologies (NASDAQ:SOFI) Announces Earnings Results

SoFi Technologies (NASDAQ:SOFI - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03, Zacks reports. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business's quarterly revenue was up 32.7% compared to the same quarter last year. SoFi Technologies updated its Q2 2025 guidance to 0.050-0.060 EPS and its FY 2025 guidance to 0.270-0.280 EPS.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded up $0.24 during trading on Tuesday, hitting $13.44. 120,921,829 shares of the company were exchanged, compared to its average volume of 46,931,660. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $18.42. The stock has a 50 day moving average of $12.14 and a 200 day moving average of $13.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company has a market cap of $14.74 billion, a PE ratio of 36.39, a P/E/G ratio of 2.24 and a beta of 1.86.

Analysts Set New Price Targets

SOFI has been the subject of several recent research reports. Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Finally, Citizens Jmp began coverage on SoFi Technologies in a report on Friday. They issued an "outperform" rating and a $17.00 target price on the stock. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and an average target price of $13.10.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 11,181 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,172 shares of company stock worth $1,271,115. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

An institutional investor recently raised its position in SoFi Technologies stock. Brighton Jones LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 719,288 shares of the company's stock after acquiring an additional 14,281 shares during the period. Brighton Jones LLC owned approximately 0.07% of SoFi Technologies worth $11,077,000 at the end of the most recent reporting period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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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