Barclays Issues Positive Forecast for SoFi Technologies (NASDAQ:SOFI) Stock Price
Barclays has raised its price target for SoFi Technologies (NASDAQ:SOFI) from $11.00 to $12.00, maintaining an "equal weight" rating. This indicates a potential downside of 4.08% from the stock's previous close. Other firms have also issued ratings, with a consensus target price of $13.40. SoFi's stock traded down 5.7% to $12.51, with a market cap of $13.72 billion. The company reported strong Q1 results, beating EPS estimates and showing a 32.7% year-over-year revenue increase.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its target price raised by analysts at Barclays from $11.00 to $12.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential downside of 4.08% from the stock's previous close.
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- SoFi Reports Strong Q1 Results, Raises 2025 Full-Year Guidance
A number of other research firms also recently issued reports on SOFI. JMP Securities assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target on the stock. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. UBS Group boosted their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.40.
Read Our Latest Research Report on SOFI
SoFi Technologies Trading Down 5.7 %
- Is SoFi Stock Buyable at These Levels?
SoFi Technologies stock traded down $0.76 during mid-day trading on Wednesday, hitting $12.51. The company's stock had a trading volume of 85,781,683 shares, compared to its average volume of 46,866,992. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The stock has a market cap of $13.72 billion, a PE ratio of 33.81, a P/E/G ratio of 2.24 and a beta of 1.86. The company has a 50 day moving average of $12.09 and a 200-day moving average of $13.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. On average, research analysts anticipate that SoFi Technologies will post 0.26 EPS for the current year.
Insiders Place Their Bets
- MarketBeat Week in Review – 02/17 - 02/21
In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now directly owns 215,029 shares in the company, valued at $2,302,960.59. This represents a 4.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock valued at $1,271,115 over the last ninety days. Company insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On SoFi Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in SOFI. Cerity Partners LLC lifted its stake in SoFi Technologies by 17.9% in the first quarter. Cerity Partners LLC now owns 598,501 shares of the company's stock worth $6,961,000 after acquiring an additional 90,882 shares during the last quarter. AlphaStar Capital Management LLC increased its holdings in SoFi Technologies by 5.4% in the first quarter. AlphaStar Capital Management LLC now owns 315,733 shares of the company's stock valued at $3,672,000 after buying an additional 16,287 shares during the last quarter. M&T Bank Corp raised its stake in SoFi Technologies by 10.0% in the first quarter. M&T Bank Corp now owns 58,186 shares of the company's stock valued at $677,000 after buying an additional 5,274 shares in the last quarter. Brown Advisory Inc. purchased a new stake in SoFi Technologies during the 1st quarter worth about $288,000. Finally, Highview Capital Management LLC DE boosted its position in shares of SoFi Technologies by 25.1% during the 1st quarter. Highview Capital Management LLC DE now owns 93,573 shares of the company's stock worth $1,088,000 after acquiring an additional 18,791 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.
About SoFi Technologies
(Get Free Report)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.
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