SoFi Technologies (NASDAQ:SOFI) Announces Earnings Results

SoFi Technologies (NASDAQ:SOFI) announced its quarterly earnings data on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, Zacks reports. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. During the same period in the previous year, the business earned $0.04 EPS. 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 Stock Performance

Shares of SOFI stock opened at $16.17 on Wednesday. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The company has a market cap of $17.55 billion, a P/E ratio of 161.72, a P/E/G ratio of 1.19 and a beta of 1.78. The firm has a 50-day moving average of $15.78 and a 200-day moving average of $11.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,870 shares of company stock valued at $416,950,073. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup lifted their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Mizuho upped their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, Bank of America restated an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $12.50.

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.