SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price dropped 4.1% during trading on Monday . The company traded as low as $10.98 and last traded at $11.37. Approximately 16,234,201 shares traded hands during trading, a decline of 64% from the average daily volume of 44,852,820 shares. The stock had previously closed at $11.85.
Analyst Ratings Changes
SOFI has been the topic of several research analyst reports. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. UBS Group boosted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Morgan Stanley increased their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a report on Thursday, December 19th. Bank of America reissued an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods reiterated 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. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.50.
View Our Latest Analysis on SOFI
SoFi Technologies Stock Down 13.6 %
The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $11.67 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The business has a 50-day moving average price of $14.10 and a 200-day moving average price of $13.30.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 company earned $0.04 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Insider Activity at SoFi Technologies
In related news, CTO Jeremy Rishel sold 68,625 shares of the company'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 value of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owns 178,811 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On SoFi Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ purchased a new stake in SoFi Technologies in the 4th quarter valued at about $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies in the 4th quarter worth approximately $32,000. FNY Investment Advisers LLC lifted its holdings in shares of SoFi Technologies by 727.1% in the 4th 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. Finally, IAG Wealth Partners LLC acquired a new stake in SoFi Technologies in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 38.43% of the company's stock.
SoFi Technologies Company Profile
(
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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