SoFi Technologies (NASDAQ:SOFI) Stock Price Up 2% - Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 2% during mid-day trading on Friday . The stock traded as high as $15.28 and last traded at $15.09. 13,959,197 shares traded hands during trading, a decline of 68% from the average session volume of 44,026,156 shares. The stock had previously closed at $14.80.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. Bank of America restated an "underperform" rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Jefferies Financial Group upped their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Citigroup upped their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Barclays upped their target price on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.50.

SoFi Technologies Trading Up 1.5 %

The business has a 50 day simple moving average of $15.75 and a 200-day simple moving average of $11.72. 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 market capitalization of $16.42 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the company posted $0.04 earnings per share. On average, analysts predict that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction 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 directly owns 142,613 shares of the company's stock, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction 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 of the company's stock, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,870 shares of company stock valued at $416,950,073. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at $28,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at $31,000. Finally, FNY Investment Advisers LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

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.