SoFi Technologies (NASDAQ:SOFI) Trading Up 4.5% - Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded up 4.5% during mid-day trading on Friday . The stock traded as high as $13.03 and last traded at $12.86. 19,411,765 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 46,408,581 shares. The stock had previously closed at $12.31.

Wall Street Analyst Weigh In

SOFI has been the topic of several recent analyst reports. Needham & Company LLC increased 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. Citizens Jmp began coverage on shares of SoFi Technologies in a research note on Friday. They set an "outperform" rating and a $17.00 target price on the stock. JMP Securities started coverage on shares of SoFi Technologies in a report on Friday. They set a "market outperform" rating and a $17.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and an average price target of $13.10.

SoFi Technologies Stock Up 2.5 %

The company has a market capitalization of $14.47 billion, a PE ratio of 35.68, a PEG ratio of 2.24 and a beta of 1.86. 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 company's 50 day moving average is $12.20 and its two-hundred day moving average is $13.68.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.04 EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies 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 transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the sale, the executive vice president now owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock valued at $1,271,115 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in SoFi Technologies by 11.3% in the first quarter. D.A. Davidson & CO. now owns 121,330 shares of the company's stock worth $1,411,000 after purchasing an additional 12,322 shares during the last quarter. Xcel Wealth Management LLC boosted its holdings in SoFi Technologies by 2.3% during the 1st quarter. Xcel Wealth Management LLC now owns 73,400 shares of the company's stock valued at $854,000 after acquiring an additional 1,680 shares during the period. Mutual Advisors LLC bought a new position in SoFi Technologies in the 1st quarter valued at $142,000. Teacher Retirement System of Texas increased its stake in SoFi Technologies by 36.2% in the first quarter. Teacher Retirement System of Texas now owns 247,693 shares of the company's stock worth $2,881,000 after purchasing an additional 65,854 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of SoFi Technologies by 44.5% in the first quarter. Vontobel Holding Ltd. now owns 147,955 shares of the company's stock worth $1,721,000 after purchasing an additional 45,594 shares during the last quarter. 38.43% of the stock is currently owned by 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.