SoFi Technologies (NASDAQ:SOFI) Trading Up 8.8% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 8.8% on Monday . The company traded as high as $27.61 and last traded at $27.40. 63,150,506 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 64,634,719 shares. The stock had previously closed at $25.19.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SOFI shares. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. upped their price target on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Needham & Company LLC upped their price target 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. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.06.

SoFi Technologies Stock Up 8.8%

The firm has a market capitalization of $33.04 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 2.46 and a beta of 1.93. The stock has a fifty day moving average of $28.11 and a two-hundred day moving average of $22.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

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

Insider Activity

In related news, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $26.43, for a total value of $273,286.20. Following the sale, the executive vice president directly owned 265,034 shares in the company, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 175,277 shares of company stock worth $4,694,595 over the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Victory Capital Management Inc. lifted its position in SoFi Technologies by 34.0% in the 1st quarter. Victory Capital Management Inc. now owns 352,482 shares of the company’s stock worth $4,099,000 after buying an additional 89,503 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in SoFi Technologies in the 1st quarter worth approximately $3,941,000. AE Wealth Management LLC boosted its stake in SoFi Technologies by 20.7% in the first quarter. AE Wealth Management LLC now owns 18,106 shares of the company’s stock worth $211,000 after buying an additional 3,105 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its position in SoFi Technologies by 31.2% during the first quarter. Pinnacle Associates Ltd. now owns 55,313 shares of the company’s stock valued at $643,000 after acquiring an additional 13,140 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

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.