Analysts Set SoFi Technologies, Inc. (NASDAQ:SOFI) PT at $12.50

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have received a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.50.

SOFI has been the subject of several recent research reports. UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley raised their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 8,914 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $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 106,819 shares of company stock valued at $1,447,044. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of large investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ purchased a new position in SoFi Technologies in the 4th quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies during the 3rd quarter worth $28,000. Hollencrest Capital Management purchased a new position in SoFi Technologies in the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC bought a new position in SoFi Technologies in the fourth quarter valued at $32,000. Finally, FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% in the fourth 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 during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $12.87 on Thursday. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The business’s fifty day moving average price is $14.67 and its two-hundred day moving average price is $13.01. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. 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 (NASDAQ:SOFI) last announced 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 earned $0.04 earnings per share. As a group, analysts predict that SoFi Technologies will post 0.26 EPS for the current fiscal year.

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.