William Blair Has Optimistic Outlook of SOFI FY2025 Earnings

Key Points

• William Blair has raised its FY2025 earnings forecast for SoFi Technologies to $0.37 per share, up from the previous estimate of $0.31.
• SoFi Technologies reported Q3 earnings of $0.11 EPS, surpassing analysts' expectations of $0.09, and achieved revenue of $949.63 million, significantly higher than the forecasted $880.33 million.
• Despite positive earnings revisions, a consensus rating for SoFi's stock currently stands at "Hold" with an average target price of $24.94.

SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) - William Blair increased their FY2025 earnings estimates for shares of SoFi Technologies in a research report issued on Tuesday, October 28th. William Blair analyst A. Jeffrey now expects that the company will earn $0.37 per share for the year, up from their prior forecast of $0.31. The consensus estimate for SoFi Technologies' current full-year earnings is $0.26 per share. William Blair also issued estimates for SoFi Technologies' Q4 2025 earnings at $0.11 EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.17 EPS and FY2026 earnings at $0.56 EPS.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. The business had revenue of $949.63 million during the quarter, compared to analysts' expectations of $880.33 million. During the same period in the prior year, the company earned $0.05 EPS. The firm's quarterly revenue was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS.

A number of other research firms have also commented on SOFI. Cowen assumed coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating on the stock. Citizens Jmp lowered shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Jefferies Financial Group restated a "buy" rating and set a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an "underperform" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and an average target price of $24.94.

SoFi Technologies Trading Down 6.1%

SOFI opened at $29.03 on Friday. SoFi Technologies has a fifty-two week low of $8.60 and a fifty-two week high of $32.56. 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 firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 3.13 and a beta of 1.92. The company's 50 day moving average price is $27.20 and its two-hundred day moving average price is $20.40.

Institutional Trading of SoFi Technologies

A number of large investors have recently added to or reduced their stakes in SOFI. Norges Bank purchased a new stake in SoFi Technologies during the second quarter worth about $164,068,000. Quadrature Capital Ltd purchased a new stake in SoFi Technologies during the second quarter worth about $115,188,000. Nuveen LLC purchased a new stake in SoFi Technologies during the first quarter worth about $47,616,000. Marshall Wace LLP increased its holdings in SoFi Technologies by 88.2% during the second quarter. Marshall Wace LLP now owns 7,997,146 shares of the company's stock worth $145,628,000 after buying an additional 3,748,817 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in SoFi Technologies by 87.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company's stock worth $168,079,000 after buying an additional 2,961,849 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the transaction, the chief technology officer directly owned 759,553 shares of the company's stock, valued at $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 available through the SEC website. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares in the company, valued at $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,383 shares of company stock worth $3,513,171 over the last ninety days. Insiders own 2.60% of the company's stock.

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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