SoFi Technologies (NASDAQ:SOFI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI) released its earnings results on Monday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01, Zacks reports. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same quarter in the prior year, the company earned $0.04 earnings per share. SoFi Technologies updated its Q1 2025 guidance to 0.030-0.030 EPS and its FY 2025 guidance to 0.250-0.270 EPS.

SoFi Technologies Trading Up 0.6 %

Shares of SoFi Technologies stock opened at $16.17 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $15.78 and its 200-day moving average is $11.22. SoFi Technologies has a 12-month low of $6.01 and a 12-month high of $18.42. The stock has a market cap of $17.55 billion, a P/E ratio of 161.72, a P/E/G ratio of 1.19 and a beta of 1.78.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the transaction, the director now owns 25,937 shares in the company, valued at $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last quarter. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SOFI has been the subject of several recent research reports. Needham & Company LLC upped their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Jefferies Financial Group increased their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Bank of America reissued an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, UBS Group boosted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.50.

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.