SoFi Technologies (NASDAQ:SOFI) Shares Up 4% - Still a Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 4% during trading on Thursday . The company traded as high as $12.25 and last traded at $12.21. 13,341,444 shares were traded during mid-day trading, a decline of 71% from the average session volume of 46,292,509 shares. The stock had previously closed at $11.74.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Citigroup lifted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target 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. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Stock Up 4.6 %

The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The business's 50-day moving average is $12.35 and its two-hundred day moving average is $13.55. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly 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 company earned $0.04 earnings per share. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $10.71, for a total value of $119,748.51. Following the completion of the transaction, the executive vice president now owns 215,029 shares of the company's stock, valued at approximately $2,302,960.59. This represents a 4.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock valued at $1,271,115. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies in the 4th quarter valued at about $27,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $31,000. Garde Capital Inc. bought a new stake in shares of SoFi Technologies in the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC purchased a new position in shares of SoFi Technologies in the fourth quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC increased 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 worth $33,000 after acquiring an additional 1,905 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

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.

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