SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $14.00

SoFi Technologies (NASDAQ:SOFI) had its price objective lifted by UBS Group from $10.50 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on SOFI. Morgan Stanley lifted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Mizuho upped their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $16.44 on Tuesday. 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 firm’s 50-day moving average price is $15.84 and its 200-day moving average price is $11.28. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market cap of $17.84 billion, a PE ratio of 164.42, a PEG ratio of 1.19 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly 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 return on equity of 3.71% and a net margin of 8.38%. During the same period in the prior year, the company posted $0.04 EPS. As a group, analysts anticipate that SoFi Technologies will post 0.12 EPS for the current year.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the sale, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hanseatic Management Services Inc. bought a new position in SoFi Technologies during the fourth quarter valued at $1,116,000. Charles Schwab Investment Management Inc. boosted its stake in shares of SoFi Technologies by 1.4% during 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. Zacks Investment Management bought a new position in SoFi Technologies during the 3rd quarter valued at about $3,766,000. Citizens Financial Group Inc. RI raised its position in SoFi Technologies by 41.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock worth $1,892,000 after purchasing an additional 70,603 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in SoFi Technologies by 214.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares during the last quarter. Hedge funds and other 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.