SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $9.50

SoFi Technologies (NASDAQ:SOFI) had its price target increased by The Goldman Sachs Group from $8.50 to $9.50 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also commented on SOFI. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. UBS Group upped their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays raised their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Trading Up 2.8 %

Shares of NASDAQ:SOFI opened at $16.44 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 164.42, a PEG ratio of 1.19 and a beta of 1.78. SoFi Technologies has a 1-year low of $6.01 and a 1-year high of $18.42. The company has a 50 day moving average price of $15.84 and a 200 day moving average price of $11.28.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same quarter last year, the firm posted $0.04 earnings per share. On average, research analysts anticipate that SoFi Technologies will post 0.12 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, Director Bashir Ruzwana sold 52,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the sale, the director now owns 25,937 shares of the company’s stock, valued at $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock worth $416,950,073 in the last ninety days. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SOFI. Capital Performance Advisors LLP bought a new position in SoFi Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the 3rd quarter valued at approximately $28,000. FNY Investment Advisers LLC lifted its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in SoFi Technologies in the 3rd quarter valued at approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in SoFi Technologies during the 3rd quarter worth approximately $47,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.