SoFi Technologies (NASDAQ:SOFI) Stock Price Up 3.9% - Still a Buy?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) were up 3.9% during trading on Wednesday . The company traded as high as $12.41 and last traded at $12.42. Approximately 8,722,247 shares changed hands during trading, a decline of 80% from the average daily volume of 44,455,528 shares. The stock had previously closed at $11.95.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SOFI shares. Morgan Stanley raised their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. UBS Group increased their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Needham & Company LLC upped their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and a consensus target price of $12.50.

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SoFi Technologies Stock Up 6.6 %

The stock's fifty day moving average is $14.66 and its two-hundred day moving average is $13.10. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $15.04 billion, a PE ratio of 37.08, a P/E/G ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 earned $0.04 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,905 shares of company stock valued at $1,308,075. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in SoFi Technologies by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 128,661 shares of the company's stock valued at $1,011,000 after acquiring an additional 1,319 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of SoFi Technologies by 30.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 24,498 shares of the company's stock valued at $193,000 after purchasing an additional 5,650 shares during the period. Empowered Funds LLC raised its stake in shares of SoFi Technologies by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 41,277 shares of the company's stock valued at $324,000 after purchasing an additional 1,951 shares during the period. Pathstone Holdings LLC lifted its holdings in SoFi Technologies by 13.2% during the 3rd quarter. Pathstone Holdings LLC now owns 192,057 shares of the company's stock worth $1,510,000 after purchasing an additional 22,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in SoFi Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock worth $48,306,000 after purchasing an additional 87,097 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.