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

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have been assigned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.7778.

Several research analysts recently weighed in on the stock. Truist Financial cut their price target on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a research note on Thursday, April 30th. Barclays dropped their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company cut their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Finally, Argus assumed coverage on SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating for the company.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $18.78 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The stock has a market cap of $24.09 billion, a PE ratio of 42.68 and a beta of 2.14. The stock’s fifty day simple moving average is $16.92 and its two-hundred day simple moving average is $19.44. SoFi Technologies has a 1-year low of $14.92 and a 1-year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the completion of the sale, the executive vice president directly owned 378,682 shares of the company’s stock, valued at $6,570,132.70. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired 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 in the company, valued at approximately $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 134,044 shares of company stock worth $2,370,056. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors have recently added to or reduced their stakes in SOFI. Lake Street Private Wealth LLC raised its position in SoFi Technologies by 4.9% in the fourth quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock worth $219,000 after acquiring an additional 390 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after acquiring an additional 401 shares during the period. First Horizon Corp grew its position in shares of SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after acquiring an additional 405 shares during the period. Cigna Investments Inc. New increased its stake in shares of SoFi Technologies by 3.8% during the 4th quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock worth $299,000 after purchasing an additional 416 shares during the last quarter. Finally, Wealthspan Partners LLC increased its stake in shares of SoFi Technologies by 2.4% during the 4th quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock worth $495,000 after purchasing an additional 450 shares during the last quarter. 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.