SoFi Technologies (NASDAQ:SOFI) Stock Price Expected to Rise, UBS Group Analyst Says

SoFi Technologies (NASDAQ:SOFI - Free Report) had its price target hoisted by UBS Group from $10.50 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Barclays increased their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $12.50.

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SoFi Technologies Price Performance

Shares of SOFI traded down $0.67 during mid-day trading on Tuesday, reaching $15.78. 43,492,408 shares of the company's stock were exchanged, compared to its average volume of 46,771,137. 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 has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 2.15 and a beta of 1.78. The company has a 50-day simple moving average of $15.84 and a two-hundred day simple moving average of $11.28.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly 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 quarter in the prior year, the firm earned $0.04 earnings per share. On average, sell-side analysts predict that SoFi Technologies will post 0.28 EPS for the current fiscal year.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief technology officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares of the company's stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Several institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in SoFi Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the 3rd quarter valued at approximately $28,000. FNY Investment Advisers LLC lifted 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 purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of SoFi Technologies in the third quarter valued at about $47,000. 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.