SoFi Technologies (NASDAQ:SOFI) Trading Up 4.3% – Should You Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 4.3% on Friday . The company traded as high as $29.75 and last traded at $29.71. 26,865,470 shares traded hands during trading, a decline of 58% from the average session volume of 64,405,742 shares. The stock had previously closed at $28.49.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Needham & Company LLC raised their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Mizuho set a $38.00 target price on shares of SoFi Technologies in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $24.88.

SoFi Technologies Price Performance

The firm has a market cap of $35.83 billion, a P/E ratio of 55.02, a P/E/G ratio of 2.90 and a beta of 1.93. The firm’s fifty day simple moving average is $28.17 and its 200 day simple moving average is $22.82. 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 (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm’s revenue for the quarter 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, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Arun Pinto sold 46,132 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 175,277 shares of company stock worth $4,694,595 over the last 90 days. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in SoFi Technologies in the first quarter worth $28,000. SVB Wealth LLC purchased a new stake in shares of SoFi Technologies in the first quarter valued at $28,000. Salomon & Ludwin LLC purchased a new stake in shares of SoFi Technologies in the third quarter valued at $29,000. SJS Investment Consulting Inc. lifted its holdings in shares of SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its stake in shares of SoFi Technologies by 52.9% during the 3rd quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after purchasing an additional 450 shares during the period. 38.43% of the stock is owned by institutional investors.

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.