SoFi Technologies (NASDAQ:SOFI) Shares Up 0.2% – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. UBS Group lifted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Bank of America restated an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Stock Performance

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 business’s 50 day moving average is $14.67 and its 200 day moving average is $13.01. The stock has a market capitalization of $14.11 billion, a PE ratio of 34.78, a PEG 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, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,819 shares of company stock valued at $1,447,044 in the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of the business. 111 Capital purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $438,000. Keystone Financial Services LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $275,000. Centaurus Financial Inc. purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $172,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $821,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $1,164,000. Hedge funds and other 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.