Truist Financial Has Lowered Expectations for SoFi Technologies (NASDAQ:SOFI) Stock Price

SoFi Technologies (NASDAQ:SOFI) had its price target lowered by Truist Financial from $28.00 to $21.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 5.49% from the company’s current price.

SOFI has been the subject of several other reports. Mizuho set a $38.00 price target on SoFi Technologies in a research report on Thursday, October 30th. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, February 9th. Bank of America assumed coverage on shares of SoFi Technologies in a report on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price target on the stock. UBS Group set a $24.50 price objective on shares of SoFi Technologies in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.34.

SoFi Technologies Stock Up 2.0%

NASDAQ SOFI traded up $0.40 on Wednesday, reaching $19.91. 11,398,824 shares of the stock traded hands, compared to its average volume of 57,077,105. SoFi Technologies has a 12 month low of $8.60 and a 12 month high of $32.73. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 52.31 and a beta of 2.13. The company has a fifty day moving average price of $25.04 and a 200-day moving average price of $26.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.The firm’s quarterly revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts forecast that SoFi Technologies will post 0.26 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total transaction of $243,801.00. Following the completion of the transaction, the executive vice president directly owned 303,480 shares of the company’s stock, valued at approximately $7,814,610. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Schuppenhauer acquired 5,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the acquisition, the executive vice president directly owned 228,768 shares in the company, valued at approximately $4,559,346.24. The trade was a 2.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 261,470 shares of company stock worth $6,276,524 in the last quarter. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SoFi Technologies by 12.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after purchasing an additional 540,610 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $209,000. Quantbot Technologies LP purchased a new position in shares of SoFi Technologies during the 2nd quarter valued at approximately $25,699,000. Marex Group plc acquired a new stake in SoFi Technologies in the 2nd quarter valued at $11,179,000. Finally, Sigma Planning Corp increased its holdings in SoFi Technologies by 34.7% in the 2nd quarter. Sigma Planning Corp now owns 60,653 shares of the company’s stock worth $1,104,000 after acquiring an additional 15,617 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

About SoFi Technologies

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.