SoFi Technologies, Inc. (NASDAQ:SOFI) Given Average Recommendation of “Hold” by Brokerages

SoFi Technologies, Inc. (NASDAQ:SOFI) has been assigned a consensus rating of “Hold” from the twenty-three brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $25.50.

A number of analysts have recently weighed in on the stock. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. Bank of America assumed coverage on SoFi Technologies in a research report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 target price for the company. Truist Financial decreased their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Mizuho set a $38.00 price objective on SoFi Technologies in a research note on Thursday, October 30th. Finally, UBS Group upped their price objective on SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th.

Insider Activity

In related news, insider Arun Pinto sold 46,132 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the transaction, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the transaction, the chief technology officer directly owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 167,813 shares of company stock worth $4,403,334. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of SoFi Technologies in the first quarter valued at $129,000. Empowered Funds LLC boosted its position in shares of SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock worth $385,000 after buying an additional 1,631 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of SoFi Technologies by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,725,268 shares of the company’s stock valued at $31,695,000 after purchasing an additional 205,908 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in SoFi Technologies by 4.3% in the first quarter. Focus Partners Wealth now owns 314,342 shares of the company’s stock worth $3,656,000 after purchasing an additional 12,831 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

Shares of SOFI opened at $27.14 on Wednesday. The firm has a fifty day moving average of $27.63 and a 200-day moving average of $25.82. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 50.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. SoFi Technologies has a 1 year low of $8.60 and a 1 year high of $32.73.

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