SoFi Technologies (NASDAQ:SOFI) Trading Up 0.2% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares rose 0.2% on Friday . The stock traded as high as $12.63 and last traded at $12.67. Approximately 8,379,798 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 44,355,749 shares. The stock had previously closed at $12.64.

Analyst Ratings Changes

SOFI has been the subject of several research reports. Dbs Bank raised SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased 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. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a 50 day simple moving average of $14.70 and a 200-day simple moving average of $12.94. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 company earned $0.04 earnings per share. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 27,013 shares of company stock worth $437,402 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several large investors have recently made changes to their positions in the business. 111 Capital bought a new stake in shares of SoFi Technologies during the fourth quarter worth $438,000. Keystone Financial Services LLC bought a new stake in shares of SoFi Technologies during the fourth quarter worth $275,000. Centaurus Financial Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter worth $172,000. Total Wealth Planning & Management Inc. bought a new stake in shares of SoFi Technologies during the fourth quarter worth $821,000. Finally, Jefferies Financial Group Inc. bought a new position in SoFi Technologies in the fourth quarter valued at about $1,164,000. 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.