SoFi Technologies, Inc. (NASDAQ:SOFI) Given Average Rating of “Hold” by Analysts

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities 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. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.50.

SOFI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $14.67 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $15.92 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.24 and a beta of 1.77. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $18.42. The business’s 50-day moving average is $15.70 and its 200 day moving average is $12.23.

SoFi Technologies (NASDAQ:SOFI) last posted its 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 prior year, the company earned $0.04 EPS. On average, equities research analysts forecast that SoFi Technologies will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 trade represents a 78.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,465 shares of company stock valued at $416,952,167 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of SOFI. Two Sigma Advisers LP bought a new stake in SoFi Technologies during the 4th quarter valued at $299,980,000. Vanguard Group Inc. boosted its position in SoFi Technologies by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock valued at $1,514,390,000 after acquiring an additional 8,898,879 shares in the last quarter. Norges Bank bought a new stake in SoFi Technologies during the 4th quarter valued at $103,678,000. Voloridge Investment Management LLC bought a new stake in SoFi Technologies during the 4th quarter valued at $75,139,000. Finally, Amundi boosted its position in SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after acquiring an additional 2,700,543 shares in the last quarter. 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.