SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 1.7% during trading on Thursday . The company traded as high as $15.36 and last traded at $15.02. 11,076,542 shares changed hands during trading, a decline of 74% from the average session volume of 42,286,945 shares. The stock had previously closed at $14.77.
Analyst Ratings Changes
A number of research firms have issued reports on SOFI. Mizuho raised their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Bank of America reissued an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. UBS Group boosted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Finally, William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.50.
Get Our Latest Analysis on SoFi Technologies
SoFi Technologies Stock Up 6.7 %
The firm has a 50-day moving average of $15.69 and a 200 day moving average of $11.91. 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 capitalization of $17.59 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 2.04 and a beta of 1.77.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 previous year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares in the company, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $386,417,705.24. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last three months. Insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On SoFi Technologies
A number of large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies during the 4th quarter worth $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at $31,000. FNY Investment Advisers LLC lifted its holdings in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the period. IAG Wealth Partners LLC acquired a new position in SoFi Technologies during the 4th quarter worth about $38,000. Finally, Legacy Wealth Managment LLC ID lifted its holdings in SoFi Technologies by 116.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 3,244 shares of the company's stock worth $48,000 after buying an additional 1,744 shares during the period. 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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