SoFi Technologies (NASDAQ:SOFI) Trading Up 2.4% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price shot up 2.4% during trading on Friday . The company traded as high as $14.54 and last traded at $14.41. 14,672,206 shares changed hands during trading, a decline of 67% from the average session volume of 44,391,441 shares. The stock had previously closed at $14.07.

Analyst Upgrades and Downgrades

SOFI has been the subject of several recent analyst reports. Needham & Company LLC upped their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.50.

SoFi Technologies Trading Up 2.8 %

The firm has a 50-day moving average of $15.54 and a 200 day moving average of $12.50. The company has a market cap of $15.70 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (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 quarter in the previous year, the business posted $0.04 EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,185 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares of the company’s stock, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares of the company’s stock, valued at $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 ninety days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of SOFI. Raymond James & Associates grew its holdings in shares of SoFi Technologies by 2.1% during the third quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock valued at $4,177,000 after buying an additional 11,062 shares during the last quarter. International Assets Investment Management LLC boosted its stake in SoFi Technologies by 1,159.5% during the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock valued at $2,725,000 after purchasing an additional 319,148 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter worth approximately $153,000. Cigna Investments Inc. New purchased a new stake in shares of SoFi Technologies in the third quarter worth approximately $83,000. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of SoFi Technologies by 161.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 60,110 shares of the company’s stock valued at $472,000 after purchasing an additional 37,100 shares in the last quarter. 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.