SoFi Technologies (NASDAQ:SOFI) Stock Price Down 1% - Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) dropped 1% during trading on Monday . The company traded as low as $14.22 and last traded at $14.33. Approximately 12,583,068 shares traded hands during trading, a decline of 72% from the average daily volume of 44,217,457 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

SOFI has been the topic of a number of research reports. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Needham & Company LLC raised their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley raised their target price 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. JPMorgan Chase & Co. raised their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Finally, Citigroup raised their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies currently has an average rating of "Hold" and a consensus price target of $12.50.

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SoFi Technologies Stock Up 1.1 %

The business's 50 day moving average is $15.31 and its 200 day moving average is $12.63. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.24 and a beta of 1.79. 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 earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period in the previous year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the sale, the chief technology officer now owns 586,494 shares of the company's stock, valued at approximately $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,004 shares of company stock worth $2,292,100. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in SoFi Technologies in the 3rd quarter worth $27,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in SoFi Technologies in the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new stake in SoFi Technologies in the 3rd quarter worth $28,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies in the 4th quarter worth $31,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies in the 4th quarter worth $32,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.