SoFi Technologies (NASDAQ:SOFI) Coverage Initiated by Analysts at Monness Crespi & Hardt

Stock analysts at Monness Crespi & Hardt began coverage on shares of SoFi Technologies (NASDAQ:SOFI) in a note issued to investors on Monday, Briefing.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. Monness Crespi & Hardt‘s target price would indicate a potential upside of 36.89% from the company’s current price.

SOFI has been the subject of several other research reports. Truist Financial dropped their price target on shares of SoFi Technologies from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday. Needham & Company LLC decreased their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. TD Cowen decreased their price objective on shares of SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Piper Sandler assumed coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Weiss Ratings upgraded shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.95.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $14.61 on Monday. The firm has a market cap of $18.87 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 0.85 and a beta of 2.33. SoFi Technologies has a fifty-two week low of $13.86 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The business has a 50 day moving average price of $16.74 and a 200-day moving average price of $17.08.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts predict that SoFi Technologies will post 0.60 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the transaction, the chief technology officer owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total transaction of $150,188.16. Following the sale, the executive vice president owned 397,870 shares in the company, valued at approximately $5,856,646.40. This trade represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 50,316 shares of company stock worth $852,605. 2.50% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Apollon Wealth Management LLC lifted its position in SoFi Technologies by 38.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 24,456 shares of the company’s stock valued at $384,000 after acquiring an additional 6,813 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in SoFi Technologies by 7.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 18,281 shares of the company’s stock worth $287,000 after acquiring an additional 1,291 shares in the last quarter. Sigma Planning Corp grew its holdings in SoFi Technologies by 1.9% in the third quarter. Sigma Planning Corp now owns 81,327 shares of the company’s stock worth $1,347,000 after purchasing an additional 1,549 shares during the period. Signaturefd LLC grew its holdings in SoFi Technologies by 16.9% in the third quarter. Signaturefd LLC now owns 12,211 shares of the company’s stock worth $192,000 after purchasing an additional 1,765 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in SoFi Technologies by 23.9% in the third quarter. Citizens Financial Group Inc. RI now owns 24,253 shares of the company’s stock worth $381,000 after purchasing an additional 4,686 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

About SoFi Technologies

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.