SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares dropped 0% during mid-day trading on Wednesday . The stock traded as low as $12.84 and last traded at $13.09. Approximately 11,671,519 shares were traded during trading, a decline of 74% from the average daily volume of 45,394,023 shares. The stock had previously closed at $13.09.
Analyst Upgrades and Downgrades
SOFI has been the topic of several research reports. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Mizuho increased their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, Bank of America reiterated an "underperform" rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and an average price target of $12.50.
View Our Latest Stock Analysis on SOFI
SoFi Technologies Trading Up 1.1 %
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 company has a fifty day moving average of $15.24 and a two-hundred day moving average of $12.71. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.24 and a beta of 1.79.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 quarter in the prior year, the firm earned $0.04 earnings per share. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.
Insider Buying and Selling at SoFi Technologies
In other SoFi Technologies news, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction on Monday, December 16th. The stock was bought at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares in the company, valued at $753,355.70. The trade was a 197.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,004 shares of company stock valued at $2,292,100. 2.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $3,703,000. Hanseatic Management Services Inc. purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $1,116,000. Kercheville Advisors LLC purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $1,594,000. Charles Schwab Investment Management Inc. increased its position in shares of SoFi Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock valued at $48,306,000 after buying an additional 87,097 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of SoFi Technologies in the third quarter valued at $3,766,000. Hedge funds and other institutional investors own 38.43% of the company's stock.
About SoFi Technologies
(
Get Free Report)
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.
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