SoFi Technologies (NASDAQ:SOFI) Shares Up 4.1% - Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price was up 4.1% on Tuesday . The company traded as high as $14.86 and last traded at $14.65. Approximately 12,074,722 shares traded hands during trading, a decline of 67% from the average daily volume of 36,663,863 shares. The stock had previously closed at $14.07.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SOFI. Jefferies Financial Group lifted their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Bank of America reaffirmed an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Morgan Stanley upped their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. Mizuho lifted their target price on SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $11.71.

SoFi Technologies Trading Up 3.1 %

The company has a market cap of $15.73 billion, a price-to-earnings ratio of 145.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. The company's 50 day moving average price is $15.08 and its 200 day moving average price is $10.49. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The firm's revenue was up 29.8% on a year-over-year basis. Research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $10.36, for a total transaction of $96,430.88. Following the transaction, the executive vice president now directly owns 152,203 shares in the company, valued at $1,576,823.08. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 64,991 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the sale, the chief technology officer now owns 586,494 shares in the company, valued at approximately $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,009,264 shares of company stock worth $416,889,795 in the last 90 days. 2.60% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently bought and sold shares of SOFI. FNY Investment Advisers LLC boosted its position 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 acquiring an additional 1,905 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies in the third quarter valued at $28,000. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the third quarter worth $39,000. Finally, AdvisorNet Financial Inc lifted its stake in SoFi Technologies by 63.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock valued at $84,000 after acquiring an additional 2,130 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

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.