SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $25.50 Average Target Price from Analysts

SoFi Technologies, Inc. (NASDAQ:SOFI) has received an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $25.50.

SOFI has been the subject of a number of analyst reports. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho set a $38.00 price target on SoFi Technologies in a report on Thursday, October 30th. Morgan Stanley upped their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Citigroup raised their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,340 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the transaction, the executive vice president directly owned 265,034 shares of the company’s stock, valued at $7,004,848.62. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider owned 138,396 shares of the company’s stock, valued at $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 167,813 shares of company stock valued at $4,403,334 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in the company. Norges Bank bought a new position in SoFi Technologies during the 2nd quarter worth $164,068,000. Vanguard Group Inc. grew its stake in shares of SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after acquiring an additional 6,814,727 shares in the last quarter. Quadrature Capital Ltd bought a new position in SoFi Technologies during the second quarter worth about $115,188,000. State Street Corp raised its stake in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in SoFi Technologies by 88.2% in the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock valued at $145,628,000 after purchasing an additional 3,748,817 shares during the period. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 1.2%

SOFI stock opened at $26.13 on Wednesday. The company has a market cap of $31.51 billion, a price-to-earnings ratio of 48.39, a P/E/G ratio of 1.65 and a beta of 1.92. SoFi Technologies has a twelve month low of $8.60 and a twelve month high of $32.73. The business has a 50 day moving average price of $27.51 and a two-hundred day moving average price of $25.88. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Analysts anticipate that SoFi Technologies will post 0.26 EPS for the current fiscal year.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.