SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price was down 0.1% during mid-day trading on Monday . The stock traded as low as $11.96 and last traded at $12.08. Approximately 10,616,658 shares were traded 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.
Wall Street Analysts Forecast Growth
SOFI has been the subject of a number of recent research reports. Needham & Company LLC raised their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Morgan Stanley raised their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.50.
Read Our Latest Stock Report on SOFI
SoFi Technologies Price Performance
The company has a market cap of $13.86 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a fifty day moving average price of $14.70 and a two-hundred day moving average price of $12.94. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping 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 last year, the firm posted $0.04 EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.
Insider Transactions at SoFi Technologies
In other news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company's stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 27,013 shares of company stock valued at $437,402. 2.60% of the stock is owned by corporate insiders.
Institutional Trading of SoFi Technologies
Several institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $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 during the 4th quarter worth approximately $32,000. Finally, FNY Investment Advisers LLC lifted its position in shares of SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.
About SoFi Technologies
(
Get Free Report)
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.
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