SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Consensus Rating of "Hold" from Analysts

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) has been given a consensus rating of "Hold" by the thirteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.25.

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of SoFi Technologies in a research report on Wednesday, July 31st. Barclays lowered their price target on shares of SoFi Technologies from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of SoFi Technologies from $7.50 to $7.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 9th.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,081 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the sale, the chief technology officer now directly owns 521,505 shares in the company, valued at $4,234,620.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $7.99, for a total transaction of $74,370.92. Following the sale, the executive vice president now directly owns 161,511 shares in the company, valued at $1,290,472.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,081 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total transaction of $552,817.72. Following the sale, the chief technology officer now owns 521,505 shares in the company, valued at $4,234,620.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,328 shares of company stock worth $808,246 over the last three months. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

A number of large investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in shares of SoFi Technologies during the third quarter worth approximately $137,000. Kennedy Investment Group increased its stake in shares of SoFi Technologies by 1.6% during the third quarter. Kennedy Investment Group now owns 118,000 shares of the company's stock worth $927,000 after buying an additional 1,900 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of SoFi Technologies during the third quarter worth approximately $47,000. Alta Wealth Advisors LLC increased its stake in shares of SoFi Technologies by 33.6% during the third quarter. Alta Wealth Advisors LLC now owns 70,719 shares of the company's stock worth $556,000 after buying an additional 17,770 shares during the period. Finally, Raymond James & Associates increased its stake in shares of SoFi Technologies by 2.1% during the third quarter. Raymond James & Associates now owns 531,363 shares of the company's stock worth $4,177,000 after buying an additional 11,062 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

SOFI traded up $0.22 on Monday, hitting $10.40. 50,574,596 shares of the company's stock were exchanged, compared to its average volume of 45,885,711. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $10.54. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $7.99 and a 200-day moving average price of $7.35. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of -33.55, a P/E/G ratio of 1.72 and a beta of 1.70.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $598.60 million for the quarter, compared to analysts' expectations of $565.19 million. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The company's revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, equities analysts anticipate that SoFi Technologies will post 0.1 earnings per share for the current year.

SoFi Technologies Company Profile

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.