SoFi Technologies (NASDAQ:SOFI) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised SoFi Technologies' price target from $14.00 to $18.00, indicating a potential downside of 35.41% from its previous close despite maintaining an "underperform" rating.
• Analysts exhibit mixed sentiments, with one "Strong Buy," six "Buy," and twelve "Hold" ratings, resulting in a consensus price target of $20.71.
• SoFi Technologies recently reported earnings, surpassing EPS expectations at $0.08, but fell short on revenue, generating $519.37 million against an anticipated $801.94 million.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its price target boosted by Keefe, Bruyette & Woods from $14.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "underperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential downside of 35.41% from the company's previous close.

Several other analysts also recently commented on the company. Rothschild & Co Redburn began coverage on SoFi Technologies in a research note on Friday, August 1st. They set a "neutral" rating and a $20.50 price objective on the stock. Cowen began coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating on the stock. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $21.00 to $24.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Morgan Stanley increased their target price on SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $20.71.

SoFi Technologies Stock Up 2.7%

Shares of NASDAQ SOFI opened at $27.87 on Wednesday. SoFi Technologies has a 1 year low of $8.60 and a 1 year high of $30.30. The firm has a market capitalization of $33.37 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 3.23 and a beta of 1.92. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $25.82 and its 200-day moving average is $18.90.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities analysts expect that SoFi Technologies will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 98,733 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the sale, the chief technology officer owned 759,553 shares of the company's stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,036 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the transaction, the executive vice president owned 285,410 shares in the company, valued at approximately $7,951,522.60. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,614 shares of company stock worth $3,452,672. 2.60% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently modified their holdings of SOFI. Hazlett Burt & Watson Inc. increased its holdings in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after buying an additional 2,200 shares during the period. Headlands Technologies LLC bought a new position in SoFi Technologies in the first quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in SoFi Technologies during the first quarter valued at approximately $28,000. Garde Capital Inc. bought a new stake in SoFi Technologies during the first quarter worth $31,000. Finally, Larson Financial Group LLC lifted its stake in SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after purchasing an additional 1,519 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

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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