SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $14.00

SoFi Technologies (NASDAQ:SOFI) had its price target increased by UBS Group from $10.50 to $14.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also commented on the stock. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Bank of America reissued an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Mizuho raised their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $16.17 on Tuesday. SoFi Technologies has a 12 month low of $6.01 and a 12 month 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. The firm has a market capitalization of $17.55 billion, a PE ratio of 161.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78. The business’s fifty day moving average price is $15.78 and its 200 day moving average price is $11.22.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same quarter last year, the firm posted $0.04 EPS. On average, sell-side analysts anticipate that SoFi Technologies will post 0.12 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

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 stock was sold at an average price of $16.06, for a total value of $28,242,361.18. Following the sale, the director now owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. This represents a 78.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,008,870 shares of company stock worth $416,950,073 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP increased its stake in shares of SoFi Technologies by 201.5% during the 4th quarter. Entropy Technologies LP now owns 333,426 shares of the company’s stock worth $5,135,000 after purchasing an additional 222,826 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in SoFi Technologies during the 4th quarter valued at $955,000. SOA Wealth Advisors LLC. grew its holdings in SoFi Technologies by 33.1% during the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company’s stock valued at $87,000 after buying an additional 1,400 shares during the last quarter. Gilliland Jeter Wealth Management LLC increased its position in SoFi Technologies by 91.7% during the fourth quarter. Gilliland Jeter Wealth Management LLC now owns 11,500 shares of the company’s stock worth $177,000 after buying an additional 5,500 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of SoFi Technologies in the fourth quarter worth $169,000. Institutional investors and hedge funds 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.