Citizens Jmp Begins Coverage on SoFi Technologies (NASDAQ:SOFI)

Analysts at Citizens Jmp began coverage on shares of SoFi Technologies (NASDAQ:SOFI - Get Free Report) in a research report issued on Friday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $17.00 price target on the stock. Citizens Jmp's price target would indicate a potential upside of 31.99% from the company's previous close.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Needham & Company LLC raised their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $13.10.

SoFi Technologies Stock Performance

NASDAQ:SOFI traded up $0.57 during midday trading on Friday, reaching $12.88. The stock had a trading volume of 70,369,645 shares, compared to its average volume of 46,428,797. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.12 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.24 and a beta of 1.86. The firm has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $13.64. SoFi Technologies has a 12-month low of $6.01 and a 12-month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 period in the prior year, the business earned $0.04 EPS. On average, equities analysts expect that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the completion of the transaction, the executive vice president now owns 215,029 shares of the company's stock, valued at approximately $2,302,960.59. The trade was a 4.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,172 shares of company stock valued at $1,271,115. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new position in SoFi Technologies during the fourth quarter worth about $31,000. Garde Capital Inc. acquired a new stake in SoFi Technologies in the 1st quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies in the 4th quarter valued at about $32,000. Finally, FNY Investment Advisers LLC grew its holdings in SoFi Technologies by 727.1% in 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 period. 38.43% of the stock is owned by hedge funds and other 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.