Brokers set expectations for SoFi Technologies, Inc. earnings for fiscal 2026 (NASDAQ:SOFI)
SoFi Technologies, Inc. (NASDAQ: SOFI – Get a rating) – Wedbush equity research analysts raised their fiscal 2026 earnings per share estimates for SoFi Technologies in a report released Friday, September 9. Wedbush analyst D. Chiaverini now expects the company to post earnings of $0.65 per share for the year, up from its previous estimate of $0.55. SoFi Technologies’ current annual earnings consensus estimate is ($0.45) per share.
SoFi Technologies (NASDAQ: SOFI – Get a rating) last released its quarterly earnings data on Tuesday, August 2. The company reported ($0.12) earnings per share for the quarter, meeting analyst consensus estimates of ($0.12). The company posted revenue of $362.53 million for the quarter, versus a consensus estimate of $346.39 million. SoFi Technologies posted a negative return on equity of 7.30% and a negative net margin of 27.19%.
A number of other research companies have also recently weighed in on SOFI. Credit Suisse Group raised its price target on SoFi Technologies from $8.00 to $8.50 and gave the company a “neutral” rating in a Wednesday, August 3 report. Piper Sandler cut its price target on SoFi Technologies from $10.00 to $8.00 and set an “overweight” rating on the stock in a Wednesday, June 29 report. Mizuho raised its target price on SoFi Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a Wednesday, August 3, report. Finally, Morgan Stanley raised its price target on SoFi Technologies from $7.00 to $7.50 and gave the stock an “equal weight” rating in a Thursday, August 25 report. Five equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “moderate buy” and a consensus target price of $13.54.
SoFi Technologies stock up 2.3%
NASDAQ SOFI opened at $6.33 on Monday. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt ratio of 0.72. The stock’s 50-day moving average is $6.53 and its two-hundred-day moving average is $7.20. The company has a market capitalization of $5.80 billion, a price-earnings ratio of -13.76 and a beta of 1.53. SoFi Technologies has a 1-year low of $4.82 and a 1-year high of $24.65.
Insiders place their bets
In other news from SoFi Technologies, major shareholder Group Corp Softbank sold 5,381,785 shares of the company in a trade on Friday, August 5. The stock was sold at an average price of $7.99, for a total transaction of $43,000,462.15. As a result of the transaction, the insider now owns 89,900,110 shares of the company, valued at approximately $718,301,878.90. The transaction was disclosed in a document filed with the SEC, accessible via this link. In other SoFi Technologies news, EVP Michelle Gil sold 50,000 shares of the company in a trade on Tuesday, June 14. The shares were sold at an average price of $5.48, for a total transaction of $274,000.00. Following the completion of the sale, the executive vice president now owns 1,831,223 shares of the company, valued at approximately $10,035,102.04. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, major shareholder Group Corp Softbank sold 5,381,785 shares of the company in a trade on Friday, August 5. The shares were sold at an average price of $7.99, for a total transaction of $43,000,462.15. Following the sale, the insider now owns 89,900,110 shares of the company, valued at approximately $718,301,878.90. Disclosure of this sale can be found here. During the last quarter, insiders sold 12,114,918 shares of the company valued at $97,875,659. 13.00% of the shares are currently held by insiders.
Institutional trading of SoFi technologies
Institutional investors and hedge funds have recently changed their positions in the company. B. Riley Wealth Management Inc. increased its position in SoFi Technologies shares by 27.3% in the second quarter. B. Riley Wealth Management Inc. now owns 91,283 shares of the company valued at $481,000 after purchasing an additional 19,583 shares last quarter. Verition Fund Management LLC increased its position in SoFi Technologies shares by 206.3% in the second quarter. Verition Fund Management LLC now owns 45,640 shares of the company valued at $241,000 after purchasing an additional 30,742 shares last quarter. Captrust Financial Advisors increased its position in SoFi Technologies shares by 60.8% in the second quarter. Captrust Financial Advisors now owns 47,760 shares of the company valued at $252,000 after buying an additional 18,054 shares last quarter. International Assets Investment Management LLC increased its position in SoFi Technologies shares by 24.7% in the second quarter. International Assets Investment Management LLC now owns 60,300 shares of the company valued at $318,000 after buying an additional 11,950 shares last quarter. Finally, Macquarie Group Ltd. increased its position in SoFi Technologies shares by 10.3% in the 2nd quarter. Macquarie Group Ltd. now owns 24,600 shares of the company valued at $130,000 after purchasing an additional 2,293 shares last quarter. Institutional investors hold 38.19% of the company’s shares.
About SoFi Technologies
SoFi Technologies, Inc provides digital financial services. It operates through three segments: lending, technology platform and financial services. The society’s lending and financial services and products allow its members to borrow, save, spend, invest and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
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