SoFi Technologies (NASDAQ:SOFI) Stock Price Up 7.1% - Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price rose 7.1% during trading on Friday . The stock traded as high as $16.11 and last traded at $16.28. Approximately 20,814,383 shares traded hands during trading, a decline of 51% from the average daily volume of 42,244,480 shares. The stock had previously closed at $15.19.

Wall Street Analyst Weigh In

SOFI has been the topic of several recent analyst reports. Jefferies Financial Group raised their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Bank of America reissued an "underperform" rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Morgan Stanley increased their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a report on Thursday, December 19th. Finally, William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Stock Performance

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 has a fifty day moving average price of $15.73 and a 200 day moving average price of $12.08. The stock has a market cap of $17.72 billion, a PE ratio of 44.10, a P/E/G ratio of 2.34 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS 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 period in the previous year, the company posted $0.04 EPS. 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, EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the transaction, the executive vice president now owns 46,105 shares in the company, valued at $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the transaction, the executive vice president now directly owns 187,725 shares in the company, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,999,280 shares of company stock worth $416,810,442 in the last three months. 2.60% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

Several large investors have recently added to or reduced their stakes in SOFI. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth about $27,000. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies in the fourth quarter worth about $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the third quarter worth about $28,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies in the fourth quarter worth about $31,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $32,000. Institutional investors own 38.43% of the company's stock.

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.