Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) fell 5.6% during mid-day trading on Thursday . The stock traded as low as $10.46 and last traded at $10.75. 17,984,662 shares changed hands during trading, a decline of 61% from the average session volume of 45,829,889 shares. The stock had previously closed at $11.39.
Analyst Ratings Changes
Several research firms have commented on SOFI. Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. UBS Group lifted their target price on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of "Hold" and a consensus price target of $12.50.
Check Out Our Latest Stock Report on SOFI
SoFi Technologies Stock Performance
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 company has a market capitalization of $11.86 billion, a PE ratio of 29.24, a PEG ratio of 2.24 and a beta of 1.86. The company has a 50 day moving average price of $13.02 and a 200 day moving average price of $13.45.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 quarter in the prior year, the business posted $0.04 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.
Insider Buying and Selling
In related news, EVP Kelli Keough sold 11,181 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at approximately $2,877,391.20. This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock valued at $1,308,075 in the last quarter. Company insiders own 2.60% of the company's stock.
Institutional Trading of SoFi Technologies
Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP bought a new stake in SoFi Technologies in the 4th quarter valued at $299,980,000. Vanguard Group Inc. grew its position in SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after buying an additional 8,898,879 shares in the last quarter. Norges Bank bought a new position in SoFi Technologies during the fourth quarter valued at about $103,678,000. Voloridge Investment Management LLC acquired a new position in SoFi Technologies in the 4th quarter valued at approximately $75,139,000. Finally, Amundi raised its stake in shares of SoFi Technologies by 58,176.3% in the fourth 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 in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.
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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