SoFi Technologies (NASDAQ:SOFI) Shares Down 0.4% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares fell 0.4% on Tuesday . The stock traded as low as $14.87 and last traded at $15.07. 10,334,016 shares were traded during mid-day trading, a decline of 76% from the average session volume of 42,995,770 shares. The stock had previously closed at $15.13.

Analyst Ratings Changes

A number of brokerages have recently commented on SOFI. The Goldman Sachs Group upped their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Jefferies Financial Group upped their price target on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. 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 report on Monday, December 2nd. Bank of America reiterated an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Finally, William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Stock Up 6.7 %

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 capitalization of $17.59 billion, a P/E ratio of 43.81, a PEG ratio of 2.04 and a beta of 1.77. The business has a 50-day simple moving average of $15.69 and a two-hundred day simple moving average of $11.82.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates 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 company earned $0.04 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Bashir Ruzwana sold 52,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the transaction, the director now owns 25,937 shares of the company's stock, valued at $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the transaction, the executive vice president now directly owns 142,613 shares in the company, valued at $2,076,445.28. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 over the last 90 days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies in the fourth quarter valued at about $27,000. Hollencrest Capital Management acquired a new position in SoFi Technologies in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC lifted 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 buying an additional 1,905 shares during the period. IAG Wealth Partners LLC acquired a new position in SoFi Technologies in the fourth quarter valued at about $38,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in SoFi Technologies by 116.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 3,244 shares of the company's stock valued at $48,000 after buying an additional 1,744 shares during the period. Institutional investors and hedge funds 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.