SoFi Technologies (NASDAQ:SOFI) Trading Up 4.5% - What's Next?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) rose 4.5% during mid-day trading on Monday . The stock traded as high as $13.48 and last traded at $13.45. Approximately 18,576,810 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 44,430,239 shares. The stock had previously closed at $12.87.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Bank of America restated an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley increased 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. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.50.

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SoFi Technologies Price Performance

The business has a 50-day simple moving average of $14.42 and a two-hundred day simple moving average of $13.21. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 2.24 and a beta of 1.79. 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 (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $0.04 EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares of the company's stock, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $1,308,075 in the last quarter. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the 3rd quarter valued at about $28,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies in the fourth quarter valued at about $32,000. Finally, FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after acquiring an additional 1,905 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

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.