SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $22.56 Average Target Price from Brokerages

SoFi Technologies, Inc. (NASDAQ:SOFI) has received a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.7778.

Several analysts have commented on the company. Stephens lowered their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Morgan Stanley set a $16.00 target price on SoFi Technologies in a research report on Thursday, April 30th. Mizuho set a $29.00 target price on shares of SoFi Technologies in a research report on Wednesday, May 6th. Finally, UBS Group cut their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th.

SoFi Technologies Price Performance

SOFI stock opened at $18.55 on Wednesday. SoFi Technologies has a 52-week low of $14.92 and a 52-week high of $32.73. The stock’s fifty day simple moving average is $17.01 and its 200-day simple moving average is $19.31. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 42.16 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities research analysts expect that SoFi Technologies will post 0.59 EPS for the current year.

Insider Transactions at SoFi Technologies

In other news, CEO Anthony Noto acquired 15,545 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This represents a 0.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders have sold 134,044 shares of company stock valued at $2,370,056. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $321,515,000. State Street Corp boosted its stake in shares of SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares in the last quarter. Marshall Wace LLP increased its stake in SoFi Technologies by 372.9% in the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock worth $174,116,000 after purchasing an additional 5,244,291 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Finally, Morgan Stanley grew its position in SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after purchasing an additional 3,350,258 shares in the last quarter. Institutional investors and hedge funds 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.