SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) traded down 1.4% during mid-day trading on Wednesday . The company traded as low as $15.86 and last traded at $15.94. 9,930,114 shares traded hands during trading, a decline of 78% from the average session volume of 45,924,242 shares. The stock had previously closed at $16.17.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Citigroup raised their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. The Goldman Sachs Group raised their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Mizuho raised their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC raised their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.50.
SoFi Technologies Price Performance
The stock has a market capitalization of $17.12 billion, a PE ratio of 42.65, a PEG ratio of 2.15 and a beta of 1.78. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company’s 50 day simple moving average is $15.84 and its 200 day simple moving average is $11.37.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.28 earnings per share for the current year.
Insider Activity
In related news, Director Bashir Ruzwana sold 52,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares of the company’s stock, valued at approximately $415,510.74. This represents a 66.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business’s 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 completion of the transaction, the executive vice president now owns 187,725 shares in the company, valued at $2,926,632.75. This represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,008,870 shares of company stock valued at $416,950,073 in the last ninety days. Company insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On SoFi Technologies
Institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC grew its position in shares of SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after buying an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 38.43% of the company’s stock.
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.