SoFi Technologies (NASDAQ:SOFI) Stock Price Down 0.1% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price dropped 0.1% on Monday . The company traded as low as $11.96 and last traded at $12.08. Approximately 10,616,658 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 46,065,594 shares. The stock had previously closed at $12.09.

Analyst Ratings Changes

SOFI has been the subject of a number of recent research reports. Citigroup boosted their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Bank of America reiterated an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Finally, Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.50.

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SoFi Technologies Stock Up 1.8 %

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 $14.11 billion, a PE ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. The company has a 50 day moving average price of $14.67 and a 200-day moving average price of $12.97.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $0.04 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction on 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 represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelli Keough sold 8,914 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,819 shares of company stock valued at $1,447,044 over the last ninety days. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies in the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies in the third quarter worth $28,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies in the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter worth $32,000. Finally, FNY Investment Advisers LLC grew its stake 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 acquiring an additional 1,905 shares during the last quarter. 38.43% of the stock is 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.