Q3 EPS Estimate for SoFi Technologies Decreased by Analyst

SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) - Analysts at William Blair lowered their Q3 2026 EPS estimates for shares of SoFi Technologies in a research note issued on Tuesday, April 29th. William Blair analyst A. Jeffrey now expects that the company will earn $0.14 per share for the quarter, down from their prior estimate of $0.15. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for SoFi Technologies' current full-year earnings is $0.26 per share.

Several other research firms have also weighed in on SOFI. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Citizens Jmp assumed coverage on SoFi Technologies in a report on Friday, April 25th. They set an "outperform" rating and a $17.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a report on Wednesday. Finally, UBS Group raised their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $14.38.

SoFi Technologies Price Performance

Shares of SOFI traded up $0.19 during trading hours on Thursday, hitting $12.70. The stock had a trading volume of 50,644,874 shares, compared to its average volume of 46,770,773. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 2.24 and a beta of 1.86. The company's fifty day moving average is $11.99 and its two-hundred day moving average is $13.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The business had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. SoFi Technologies's quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS.

Institutional Trading of SoFi Technologies

Large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies in the 4th quarter valued at $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies in the 4th quarter valued at approximately $31,000. Garde Capital Inc. acquired a new position in SoFi Technologies during the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $32,000. Finally, Larson Financial Group LLC raised its holdings in shares of SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after purchasing an additional 1,519 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the transaction, the executive vice president now owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,172 shares of company stock worth $1,271,115. 2.60% of the stock is currently owned by company insiders.

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.