SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3.9% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price dropped 3.9% during mid-day trading on Tuesday . The company traded as low as $11.82 and last traded at $11.85. Approximately 9,694,095 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 44,508,599 shares. The stock had previously closed at $12.32.

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Bank of America reaffirmed an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Finally, Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

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SoFi Technologies Trading Up 1.8 %

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 stock has a market cap of $14.11 billion, a PE ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. The company's fifty day moving average is $14.70 and its 200-day moving average is $12.94.

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

Insider Buying and Selling

In other news, EVP Kelli Keough sold 8,914 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 27,013 shares of company stock valued at $437,402. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies during the third quarter worth $28,000. Hollencrest Capital Management purchased a new position in SoFi Technologies during the fourth quarter valued at $31,000. Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies during the fourth quarter valued at $32,000. Finally, FNY Investment Advisers LLC grew its position in shares of 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 purchasing an additional 1,905 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

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.