SoFi Technologies (NASDAQ:SOFI) Shares Up 3.1% - What's Next?

Key Points

• SoFi Technologies' shares rose 3.1% to close at $25.74, with a notable trading volume of approximately 19.5 million shares, down by 68% from its average daily volume.
• Analysts have revised their price targets for SoFi, with UBS raising it to $15.50, Needham to $25.00, and Mizuho to $26.00, while the stock has a consensus rating of "Hold" and an average target price of $19.35.
• In its recent earnings report, SoFi posted a 42.8% year-over-year revenue increase with earnings of $0.08 per share, exceeding the consensus estimate.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) rose 3.1% during trading on Thursday . The company traded as high as $25.86 and last traded at $25.74. Approximately 19,565,374 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 61,025,844 shares. The stock had previously closed at $24.96.

Analyst Ratings Changes

SOFI has been the subject of a number of recent analyst reports. UBS Group upped their price objective on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Needham & Company LLC upped their price objective on SoFi Technologies from $20.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Mizuho set a $26.00 price objective on SoFi Technologies and gave the company an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective for the company. Finally, Rothschild & Co Redburn assumed coverage on SoFi Technologies in a research report on Friday, August 1st. They set a "neutral" rating and a $20.50 price target on the stock. One research 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.com, SoFi Technologies presently has a consensus rating of "Hold" and an average target price of $19.35.

SoFi Technologies Stock Performance

The company has a market cap of $31.22 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 3.17 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The stock has a 50-day moving average price of $20.96 and a 200 day moving average price of $15.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.SoFi Technologies's quarterly revenue 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 has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total value of $1,253,944.60. Following the transaction, the director owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,239 shares of company stock worth $4,123,194. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new position in SoFi Technologies during the second quarter valued at approximately $524,000. Pathway Financial Advisers LLC lifted its position in shares of SoFi Technologies by 1.1% in the second quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company's stock valued at $862,000 after buying an additional 537 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of SoFi Technologies in the second quarter valued at approximately $303,000. Marex Group plc acquired a new stake in shares of SoFi Technologies in the second quarter valued at approximately $11,179,000. Finally, State of Wyoming lifted its position in shares of SoFi Technologies by 6.3% in the second quarter. State of Wyoming now owns 14,139 shares of the company's stock valued at $257,000 after buying an additional 836 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

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.

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