SoFi Technologies (NASDAQ:SOFI) Trading Down 4.1% - Time to Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) fell 4.1% during mid-day trading on Thursday . The company traded as low as $14.78 and last traded at $14.86. 18,661,398 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 44,089,625 shares. The stock had previously closed at $15.49.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SOFI shares. Morgan Stanley raised their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Mizuho lifted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, 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 report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

SoFi Technologies Trading Down 1.0 %

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 has a market capitalization of $16.25 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.04 and a beta of 1.77. The business has a 50-day moving average of $15.75 and a 200-day moving average of $11.72.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results 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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the business earned $0.04 EPS. As a group, research analysts forecast 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 company'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 transaction, the executive vice president now directly owns 142,613 shares in the company, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the transaction, the director now owns 482,083 shares of the company's stock, valued at $7,742,252.98. This trade represents a 78.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in SoFi Technologies in the 4th quarter valued at $3,157,000. AXQ Capital LP bought a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $457,000. Intellus Advisors LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at about $1,944,000. Sei Investments Co. grew its holdings in shares of SoFi Technologies by 14.3% during the fourth quarter. Sei Investments Co. now owns 63,206 shares of the company's stock valued at $973,000 after purchasing an additional 7,884 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in SoFi Technologies by 5.7% during the 4th quarter. American Century Companies Inc. now owns 289,198 shares of the company's stock worth $4,454,000 after buying an additional 15,672 shares during the last quarter. 38.43% of the stock is 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.