SoFi Technologies (NASDAQ:SOFI) Trading 1% Higher

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price rose 1% on Friday . The company traded as high as $7.24 and last traded at $7.20. Approximately 8,589,660 shares traded hands during trading, a decline of 84% from the average daily volume of 52,592,977 shares. The stock had previously closed at $7.13.

Analysts Set New Price Targets

SOFI has been the subject of a number of analyst reports. Jefferies Financial Group dropped their target price on shares of SoFi Technologies from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SoFi Technologies in a report on Wednesday, January 10th. They issued a "hold" rating and a $11.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th. Morgan Stanley reaffirmed an "underweight" rating and set a $6.50 target price (down previously from $7.00) on shares of SoFi Technologies in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods raised shares of SoFi Technologies from an "underperform" rating to a "market perform" rating and raised their target price for the company from $6.50 to $7.50 in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average price target of $9.08.

SoFi Technologies Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00. The business's 50 day moving average is $7.72 and its two-hundred day moving average is $7.90. The company has a market cap of $6.94 billion, a PE ratio of -18.71 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. SoFi Technologies's revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of SoFi Technologies stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the sale, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

A number of large investors have recently made changes to their positions in SOFI. GAMMA Investing LLC bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $27,000. US Bancorp DE grew its holdings in SoFi Technologies by 197.0% during the 1st quarter. US Bancorp DE now owns 3,015 shares of the company's stock valued at $28,000 after purchasing an additional 2,000 shares during the last quarter. Westside Investment Management Inc. grew its holdings in SoFi Technologies by 93.8% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company's stock valued at $31,000 after purchasing an additional 1,500 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in SoFi Technologies by 61.2% during the 1st quarter. SOA Wealth Advisors LLC. now owns 4,513 shares of the company's stock valued at $33,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in SoFi Technologies during the 1st quarter valued at about $36,000. 38.43% of the stock is currently owned by institutional investors.

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.