SoFi Technologies (NASDAQ:SOFI) Trading Up 0.2% - Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares rose 0.2% on Friday . The company traded as high as $12.63 and last traded at $12.67. Approximately 8,379,798 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 44,355,749 shares. The stock had previously closed at $12.64.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup raised their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Bank of America reaffirmed an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.50.

SoFi Technologies Trading Up 4.9 %

The company has a market capitalization of $14.80 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.24 and a beta of 1.79. The company has a 50-day simple moving average of $14.67 and a 200 day simple moving average of $13.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its 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 company earned $0.04 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction dated Tuesday, January 21st. The shares were 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 in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock worth $1,308,075 over the last three months. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Two Sigma Advisers LP bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $299,980,000. Vanguard Group Inc. boosted its stake in shares of SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock valued at $1,514,390,000 after purchasing an additional 8,898,879 shares in the last quarter. Norges Bank bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $103,678,000. Voloridge Investment Management LLC bought a new position in SoFi Technologies during the 4th quarter valued at about $75,139,000. Finally, Amundi lifted its holdings in SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company's stock valued at $39,360,000 after purchasing an additional 2,700,543 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

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.