Weiss Ratings Reiterates "Hold (C)" Rating for SoFi Technologies (NASDAQ:SOFI)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for SoFi Technologies (NASDAQ: SOFI), with a consensus price target of $20.18.
• In recent reports, Citigroup raised their price objective for SoFi shares from $18.00 to $28.00, assigning a "Buy" rating, while Keefe, Bruyette & Woods set an "Underperform" rating with a target of $14.00.
• SoFi Technologies recently reported a quarterly earnings per share (EPS) of $0.08, exceeding estimates of $0.06, despite a revenue of $519.37 million falling short of the expected $801.94 million.

SoFi Technologies (NASDAQ:SOFI - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on SOFI. Keefe, Bruyette & Woods lifted their price target on shares of SoFi Technologies from $13.00 to $14.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating for the company. Redburn Atlantic upgraded SoFi Technologies to a "hold" rating in a research report on Friday, August 1st. Citigroup lifted their price objective on SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group started coverage on SoFi Technologies in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective for the company. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.18.

SoFi Technologies Price Performance

SOFI stock opened at $28.02 on Wednesday. The firm has a 50 day moving average of $25.37 and a 200-day moving average of $18.46. SoFi Technologies has a 12-month low of $8.30 and a 12-month high of $30.30. 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 company has a market cap of $33.55 billion, a price-to-earnings ratio of 58.38, a PEG ratio of 3.34 and a beta of 1.92.

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

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of SoFi Technologies 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 completion of the sale, the executive vice president directly owned 285,410 shares of the company's stock, valued at $7,951,522.60. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,614 shares of company stock valued at $3,452,672 over the last ninety days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in SOFI. Hazlett Burt & Watson Inc. increased its holdings in shares of SoFi Technologies by 2,200.0% during 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 during the last quarter. Headlands Technologies LLC acquired a new stake in shares of SoFi Technologies during the 1st quarter worth $28,000. SVB Wealth LLC acquired a new stake in shares of SoFi Technologies during the 1st quarter worth $28,000. Garde Capital Inc. acquired a new stake in shares of SoFi Technologies during the 1st quarter worth $31,000. Finally, Larson Financial Group LLC increased its holdings in shares of SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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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