SoFi Technologies (NASDAQ:SOFI) Stock Price Down 0.4% - Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) dropped 0.4% on Tuesday . The company traded as low as $14.87 and last traded at $15.07. Approximately 10,334,016 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 42,995,770 shares. The stock had previously closed at $15.13.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of recent research reports. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, Citigroup increased their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Stock Performance

The company has a market cap of $17.59 billion, a PE ratio of 43.81, a P/E/G ratio of 2.04 and a beta of 1.77. 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's 50-day simple moving average is $15.69 and its 200 day simple moving average is $11.91.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $0.04 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the sale, the executive vice president now directly owns 142,613 shares in the company, valued at approximately $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last 90 days. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after buying an additional 8,898,879 shares during the last quarter. State Street Corp increased its stake in shares of SoFi Technologies by 1.7% in the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after buying an additional 310,532 shares in the last quarter. Geode Capital Management LLC increased its position in SoFi Technologies by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares during the period. Norges Bank bought a new position in SoFi Technologies during the fourth quarter worth about $103,678,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SoFi Technologies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after purchasing an additional 167,780 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.