SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $12.50 Consensus Target Price from Analysts

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) has earned a consensus rating of "Hold" from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.50.

Several research analysts recently commented on SOFI shares. Morgan Stanley increased their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. UBS Group increased their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Bank of America reissued an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares of the company's stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,819 shares of company stock worth $1,447,044 over the last quarter. Company insiders own 2.60% of the company's stock.

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Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies during the 4th quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth $28,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the 4th quarter worth $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies in the fourth quarter worth $32,000. Finally, FNY Investment Advisers LLC raised its stake in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Up 1.8 %

Shares of SOFI stock traded up $0.23 during trading on Thursday, reaching $12.87. The company's stock had a trading volume of 39,978,435 shares, compared to its average volume of 44,515,324. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The business has a fifty day moving average price of $14.67 and a 200-day moving average price of $13.01. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping 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 EPS. Analysts anticipate that SoFi Technologies will post 0.26 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.