SoFi Technologies (NASDAQ:SOFI) Trading Down 4.1% - Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price traded down 4.1% during mid-day trading on Monday . The stock traded as low as $10.98 and last traded at $11.37. 16,234,201 shares changed hands during trading, a decline of 64% from the average session volume of 44,852,820 shares. The stock had previously closed at $11.85.

Analyst Ratings Changes

SOFI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. The Goldman Sachs Group increased their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. UBS Group boosted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Morgan Stanley raised their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC boosted their price objective 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. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average price target of $12.50.

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SoFi Technologies Price Performance

The firm has a market capitalization of $11.67 billion, a PE ratio of 28.76, a P/E/G 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. The stock has a fifty day moving average price of $14.10 and a 200-day moving average price of $13.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (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 period last year, the firm earned $0.04 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated 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 sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.72, for a total value of $142,222.32. Following the sale, the executive vice president now owns 226,210 shares in the company, valued at $2,877,391.20. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP purchased a new position in shares of SoFi Technologies in the fourth quarter worth $299,980,000. Vanguard Group Inc. raised its stake in SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after acquiring an additional 8,898,879 shares during the last quarter. Norges Bank purchased a new position in SoFi Technologies in the 4th quarter worth $103,678,000. Voloridge Investment Management LLC acquired a new stake in SoFi Technologies during the 4th quarter worth about $75,139,000. Finally, Amundi grew its stake in SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company's stock valued at $39,360,000 after purchasing an additional 2,700,543 shares during the last quarter. 38.43% of the stock is currently 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.