SoFi Technologies (NASDAQ:SOFI) Issues Earnings Results

SoFi Technologies (NASDAQ:SOFI) issued its quarterly earnings results on Monday. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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%. 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 Down 0.6 %

SOFI stock opened at $17.92 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 179.22, a P/E/G ratio of 1.19 and a beta of 1.78. The business has a fifty day moving average price of $15.71 and a 200 day moving average price of $11.08. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC raised their price target on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America reissued an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $11.71.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the transaction, the director now owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. This represents a 78.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Insiders own 2.60% of the company’s stock.

About SoFi Technologies

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.