SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $22.38 Consensus PT from Brokerages

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned a consensus rating of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.3824.

A number of research firms have recently issued reports on SOFI. UBS Group cut their price objective on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Stephens dropped their target price on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley decreased their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, July 30th. Truist Financial boosted their price objective on shares of SoFi Technologies from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $18.38 on Friday. SoFi Technologies has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market cap of $23.58 billion, a P/E ratio of 38.29 and a beta of 2.17. The firm’s fifty day moving average price is $17.46 and its 200-day moving average price is $18.14.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities research analysts expect that SoFi Technologies will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto bought 15,545 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 135,256 shares of company stock worth $2,370,822 over the last three months. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in SOFI. Vanguard Group Inc. lifted its stake in SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after acquiring an additional 3,900,895 shares during the period. North Dakota State Investment Board purchased a new position in shares of SoFi Technologies during the 4th quarter worth approximately $1,044,000. Brighton Jones LLC grew its holdings in shares of SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares during the period. Friedenthal Financial bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $926,000. Finally, Alberta Investment Management Corp purchased a new stake in SoFi Technologies in the fourth quarter worth $13,299,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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.