SoFi Technologies (NASDAQ:SOFI) Trading 2% Higher – What’s Next?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 2% during mid-day trading on Friday . The company traded as high as $15.28 and last traded at $15.09. 13,959,197 shares traded hands during trading, a decline of 68% from the average session volume of 44,026,156 shares. The stock had previously closed at $14.80.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Jefferies Financial Group raised their price target on shares of 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 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC raised their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Performance

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 company has a market cap of $16.19 billion, a PE ratio of 40.32, a PEG ratio of 2.12 and a beta of 1.78. The business’s 50-day moving average is $15.79 and its 200 day moving average is $11.55.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating 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 last year, the firm posted $0.04 earnings per share. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the transaction, the director now directly owns 482,083 shares in the company, valued at approximately $7,742,252.98. This represents a 78.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the sale, the executive vice president now owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last three months. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors have recently added to or reduced their stakes in SOFI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SoFi Technologies by 20.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 276,890 shares of the company’s stock worth $4,264,000 after acquiring an additional 46,063 shares in the last quarter. SLT Holdings LLC bought a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $218,000. Coordinated Financial Services Inc. purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $387,000. Amundi boosted its position in shares of SoFi Technologies by 58,176.3% in the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock worth $39,360,000 after purchasing an additional 2,700,543 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of SoFi Technologies by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,013 shares of the company’s stock worth $370,000 after buying an additional 1,740 shares during the last quarter. 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.