Key Points
- CEO Anthony Noto bought 15,545 SoFi shares on May 11 at an average price of $16.00, spending about $248,720. After the purchase, he owned 11.95 million shares.
- SoFi recently beat revenue expectations in its latest quarterly report, posting EPS of $0.12 in line with estimates and revenue of $1.09 billion, up 42.6% year over year.
- Wall Street remains cautious on SOFI: the stock has a consensus “Hold” rating and an average price target of $22.72, even as some firms have upgraded or maintained bullish views.
SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) CEO Anthony Noto acquired 15,545 shares of the company's stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the purchase, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Anthony Noto also recently made the following trade(s):
- On Tuesday, March 17th, Anthony Noto bought 28,900 shares of SoFi Technologies stock. The shares were acquired at an average cost of $17.32 per share, for a total transaction of $500,548.00.
SoFi Technologies Stock Up 3.2%
SOFI stock opened at $16.26 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $20.74 billion, a PE ratio of 36.96 and a beta of 2.12. SoFi Technologies, Inc. has a 1-year low of $12.74 and a 1-year high of $32.73. The business's 50 day simple moving average is $17.31 and its 200 day simple moving average is $22.91.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned $0.06 EPS. The firm's revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SOFI. Keefe, Bruyette & Woods cut their target price on SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating for the company in a research report on Thursday, April 9th. Argus began coverage on SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating for the company. UBS Group cut their target price on SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, April 30th. Barclays cut their target price on SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. upgraded SoFi Technologies from a "neutral" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.72.
Read Our Latest Report on SOFI
Institutional Trading of SoFi Technologies
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in SoFi Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the last quarter. Firsthand Capital Management Inc. raised its position in SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock valued at $2,114,000 after purchasing an additional 30,000 shares during the last quarter. SG Americas Securities LLC raised its position in SoFi Technologies by 161.6% in the fourth quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock valued at $23,625,000 after purchasing an additional 557,390 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in SoFi Technologies by 212.2% in the third quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock valued at $1,060,000 after purchasing an additional 27,283 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in SoFi Technologies by 15.2% in the third quarter. Jones Financial Companies Lllp now owns 458,703 shares of the company's stock valued at $12,835,000 after purchasing an additional 60,676 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.
SoFi Technologies Company Profile
(
Get Free Report)
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.
Further Reading
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