SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Average Recommendation of “Hold” from Brokerages

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. 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 on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.50.

A number of equities research analysts have recently weighed in on SOFI shares. Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Mizuho lifted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Needham & Company LLC raised 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.

SoFi Technologies Price Performance

SOFI opened at $14.67 on Friday. The stock’s 50 day simple moving average is $15.70 and its 200 day simple moving average is $12.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies has a 1 year low of $6.01 and a 1 year high of $18.42. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.24 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly 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 quarter last year, the business posted $0.04 EPS. As a group, analysts predict that SoFi Technologies will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, EVP Eric Schuppenhauer acquired 30,600 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,185 shares of SoFi Technologies 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 directly owns 169,626 shares of the company’s stock, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,008,465 shares of company stock worth $416,952,167 over the last quarter. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

Several hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP grew its holdings in SoFi Technologies by 15.2% during the fourth quarter. Forum Financial Management LP now owns 41,446 shares of the company’s stock valued at $638,000 after purchasing an additional 5,475 shares during the period. Warm Springs Advisors Inc. bought a new stake in SoFi Technologies during the fourth quarter valued at about $2,464,000. CTC Alternative Strategies Ltd. bought a new stake in SoFi Technologies during the fourth quarter valued at about $265,000. Parr Mcknight Wealth Management Group LLC bought a new stake in SoFi Technologies during the fourth quarter valued at about $162,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of SoFi Technologies by 849.4% in the fourth quarter. Sunbelt Securities Inc. now owns 9,750 shares of the company’s stock worth $152,000 after acquiring an additional 8,723 shares during the period. 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.