SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $13.07, but opened at $12.61. SoFi Technologies shares last traded at $12.47, with a volume of 12,917,419 shares changing hands.
Analyst Ratings Changes
A number of research firms have recently issued reports on SOFI. Bank of America reissued an "underperform" rating and set a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Keefe, Bruyette & Woods restated an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted 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. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and a consensus target price of $12.50.
Check Out Our Latest Stock Report on SOFI
SoFi Technologies Trading Up 2.8 %
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 company has a market capitalization of $13.11 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The firm has a fifty day moving average price of $14.32 and a 200-day moving average price of $13.28.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. 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 3.82% and a net margin of 18.64%. During the same period in the prior year, the firm posted $0.04 earnings per share. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.
Insider Activity
In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company's stock, valued at $3,143,497.38. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock valued at $1,308,075 in the last 90 days. Insiders own 2.60% of the company's stock.
Institutional Trading of SoFi Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $27,000. Hollencrest Capital Management purchased a new position in SoFi Technologies during the fourth quarter worth about $31,000. Mpwm Advisory Solutions LLC bought a new position in SoFi Technologies in the 4th quarter worth about $32,000. FNY Investment Advisers LLC raised its holdings in shares of 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 acquiring an additional 1,905 shares in the last quarter. Finally, IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies during the 4th quarter valued at about $38,000. 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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