SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Has Average Target Price of $21.27

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have received a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.27.

A number of research firms recently weighed in on SOFI. Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, July 30th. Loop Capital assumed coverage on shares of SoFi Technologies in a research note on Tuesday, September 8th. They set a “hold” rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on SoFi Technologies from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Wednesday, October 28th. Monness Crespi & Hardt assumed coverage on SoFi Technologies in a research note on Monday, October 26th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Piper Sandler assumed coverage on shares of SoFi Technologies in a report on Monday, August 17th. They set an “overweight” rating and a $22.00 target price on the stock.

SoFi Technologies Stock Down 3.9%

SOFI opened at $15.63 on Tuesday. The firm has a market cap of $20.19 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.01 and a beta of 2.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.10 and a current ratio of 0.74. The business has a 50 day moving average price of $16.24 and a 200 day moving average price of $17.46. SoFi Technologies has a twelve month low of $13.86 and a twelve month high of $31.75.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.81%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s revenue was up 44.4% on a year-over-year basis. Research analysts forecast that SoFi Technologies will post 0.61 EPS for the current year.

More SoFi Technologies News

Investors following SOFI have been watching these news items:

• Positive Sentiment: SoFiUSD, the bank-issued stablecoin, is now available on Polygon in addition to Ethereum and Solana. The wider blockchain availability could expand payment use and strengthen SoFi’s digital-finance offering. Article: SoFi Brings Its Bank-Issued Stablecoin to Polygon
• Neutral Sentiment: SoFi’s new interest-bearing tokenized deposit product could help attract customers and deposits. Its impact will depend on whether those balances can be retained and monetized profitably. Article: SoFi’s 4.40% Deposit Offer Could Be a Smart Move
• Negative Sentiment: Commentary on SoFi’s growth outlook highlights execution risk: the company needs to convert free or lower-revenue products and its expanding member base into more profitable customer relationships. A high-yield deposit offer could also pressure profitability if its funding costs outweigh the benefits. Article: SoFi’s Record Profits Hide 1 Number That Could Decide Its 2027 Growth

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of SoFi Technologies stock in a transaction on Monday, September 21st. The shares were sold at an average price of $17.50, for a total value of $325,920.00. Following the sale, the chief technology officer directly owned 912,650 shares in the company, valued at approximately $15,971,375. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares in the company, valued at $6,415,956. The trade was a 3.07% 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. In the last ninety days, insiders sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Advisory Services Inc. raised its position in shares of SoFi Technologies by 14.5% in the third quarter. Meeder Advisory Services Inc. now owns 30,187 shares of the company’s stock valued at $475,000 after buying an additional 3,820 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of SoFi Technologies by 1,097.7% in the third quarter. First Trust Advisors LP now owns 283,566 shares of the company’s stock valued at $4,458,000 after buying an additional 259,891 shares during the period. Advisors Asset Management Inc. acquired a new stake in SoFi Technologies during the third quarter worth approximately $61,000. Composition Wealth LLC grew its position in SoFi Technologies by 1.1% during the third quarter. Composition Wealth LLC now owns 97,034 shares of the company’s stock worth $1,525,000 after buying an additional 1,027 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in SoFi Technologies by 72.3% during the third quarter. Voya Investment Management LLC now owns 171,797 shares of the company’s stock worth $2,701,000 after buying an additional 72,076 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc. is a U.S.-based digital financial services company that offers consumer lending, banking and investment products through its online platform. Its services include personal, student and home loans, deposit accounts, credit cards and investment offerings. Founded in 2011 as Social Finance, the company initially focused on student loan refinancing before expanding into a broader range of financial services. SoFi also provides financial technology infrastructure through businesses including Galileo, which supports payment processing and other services for financial institutions and fintech companies.