SoFi Technologies (NASDAQ:SOFI) Posts Earnings Results, Beats Estimates By $0.01 EPS

SoFi Technologies (NASDAQ:SOFI - Get Free Report) released its earnings results on Monday. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company 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 Down 10.3 %

Shares of SOFI traded down $1.84 during trading hours on Monday, hitting $16.08. 107,009,798 shares of the company were exchanged, compared to its average volume of 47,871,863. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company has a market cap of $17.45 billion, a PE ratio of 160.82, a PEG ratio of 1.19 and a beta of 1.78. The firm's 50 day moving average is $15.75 and its 200-day moving average is $11.15. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $18.42.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction dated Thursday, December 19th. The stock was 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 in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,008,870 shares of company stock valued at $416,950,073. Corporate insiders own 2.60% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on SOFI. Bank of America reaffirmed an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. 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. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. Finally, William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research report on Friday. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.71.

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.