SoFi Technologies (NASDAQ:SOFI) Trading 2.7% Higher - Time to Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price traded up 2.7% on Monday . The stock traded as high as $15.40 and last traded at $15.31. 10,390,051 shares were traded during trading, a decline of 76% from the average session volume of 43,456,211 shares. The stock had previously closed at $14.91.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America reiterated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Needham & Company LLC raised their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Mizuho raised their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Barclays raised their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market capitalization of $16.48 billion, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The company has a fifty day moving average of $15.69 and a two-hundred day moving average of $11.82.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.04 earnings per share. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares in the company, valued at approximately $7,742,252.98. This trade represents a 78.48 % 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, 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 value of $139,630.40. Following the sale, the executive vice president now owns 142,613 shares of the company's stock, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last quarter. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SOFI. CWM LLC raised its holdings in shares of SoFi Technologies by 93.0% during the third quarter. CWM LLC now owns 98,956 shares of the company's stock worth $778,000 after acquiring an additional 47,672 shares in the last quarter. NBC Securities Inc. raised its holdings in SoFi Technologies by 12.7% during the third quarter. NBC Securities Inc. now owns 9,581 shares of the company's stock valued at $75,000 after buying an additional 1,081 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in SoFi Technologies by 5.0% during the third quarter. Capital Advisors Wealth Management LLC now owns 108,179 shares of the company's stock valued at $850,000 after buying an additional 5,180 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in SoFi Technologies by 5.5% during the third quarter. Vontobel Holding Ltd. now owns 199,575 shares of the company's stock valued at $1,569,000 after buying an additional 10,338 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in SoFi Technologies by 58.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,478 shares of the company's stock valued at $130,000 after buying an additional 6,096 shares in the last quarter. 38.43% of the stock is currently 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.