SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $12.50 Average PT from Brokerages

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) has been given an average recommendation of "Hold" by the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.50.

A number of equities analysts recently weighed in on SOFI shares. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, UBS Group raised their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th.

SoFi Technologies Stock Up 0.6 %

SOFI stock traded up $0.07 on Monday, reaching $10.73. 4,509,238 shares of the company traded hands, compared to its average volume of 45,922,192. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a fifty day simple moving average of $12.76 and a 200-day simple moving average of $13.44. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The company has a market cap of $11.76 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the firm posted $0.04 earnings per share. Research analysts anticipate that SoFi Technologies will post 0.26 earnings per share for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock valued at $1,308,075 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC purchased a new position in shares of SoFi Technologies in the first quarter worth $174,000. Byrne Asset Management LLC bought a new position in shares of SoFi Technologies during the 1st quarter valued at about $45,000. Wealth Enhancement Advisory Services LLC grew its position in shares of SoFi Technologies by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 450,089 shares of the company's stock valued at $5,235,000 after purchasing an additional 8,432 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of SoFi Technologies in the first quarter worth about $325,000. Finally, SG Americas Securities LLC boosted its stake in SoFi Technologies by 138.3% during the first quarter. SG Americas Securities LLC now owns 156,465 shares of the company's stock valued at $1,820,000 after buying an additional 565,390 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

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.