SoFi Technologies (NASDAQ:SOFI) Earns Outperform Rating from Analysts at William Blair

William Blair started coverage on shares of SoFi Technologies (NASDAQ:SOFI - Free Report) in a research report released on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating on the stock.

Several other analysts also recently commented on SOFI. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Morgan Stanley raised their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a report on Thursday, December 19th. Mizuho upped their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.71.

SoFi Technologies Trading Up 5.1 %

SOFI traded up $0.79 during trading on Wednesday, reaching $16.30. 43,451,072 shares of the stock traded hands, compared to its average volume of 39,994,836. 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's 50-day moving average is $15.16 and its 200 day moving average is $10.52. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $17.19. The stock has a market capitalization of $17.69 billion, a PE ratio of 163.02, a P/E/G ratio of 0.96 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company had revenue of $697.10 million for the quarter, compared to the consensus estimate of $631.59 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm's revenue was up 29.8% compared to the same quarter last year. Equities analysts anticipate that SoFi Technologies will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $10.36, for a total value of $96,430.88. Following the transaction, the executive vice president now owns 152,203 shares in the company, valued at $1,576,823.08. The trade was a 5.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total value of $833,040.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,009,264 shares of company stock worth $416,889,795. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its stake in shares of SoFi Technologies by 30.1% during the 4th quarter. UMB Bank n.a. now owns 40,644 shares of the company's stock worth $626,000 after purchasing an additional 9,407 shares during the period. Mandatum Life Insurance Co Ltd increased its holdings in SoFi Technologies by 180.9% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 38,972 shares of the company's stock worth $600,000 after buying an additional 25,100 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in SoFi Technologies in the fourth quarter worth about $1,116,000. Arkadios Wealth Advisors boosted its stake in SoFi Technologies by 2.9% in the fourth quarter. Arkadios Wealth Advisors now owns 62,312 shares of the company's stock valued at $960,000 after acquiring an additional 1,781 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in shares of SoFi Technologies by 65.9% during the 4th quarter. Merit Financial Group LLC now owns 31,172 shares of the company's stock valued at $480,000 after acquiring an additional 12,383 shares during the period. Hedge funds and other institutional investors 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.