SoFi Technologies, Inc. (NASDAQ:SOFI) Given Average Rating of "Hold" by Brokerages

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.36.

Several research analysts have recently weighed in on the stock. UBS Group boosted their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. JMP Securities started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. Barclays raised their price target on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a report on Wednesday, April 30th.

SoFi Technologies Price Performance

SOFI stock traded down $0.20 during mid-day trading on Tuesday, reaching $13.46. The company's stock had a trading volume of 54,304,490 shares, compared to its average volume of 48,655,639. 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 company's 50 day moving average is $12.26 and its two-hundred day moving average is $14.02. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The stock has a market cap of $14.88 billion, a PE ratio of 36.38, a P/E/G ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. Equities research analysts expect that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $10.71, for a total value of $119,748.51. Following the sale, the executive vice president now owns 215,029 shares of the company's stock, valued at $2,302,960.59. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This represents a 9.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,507 shares of company stock worth $1,283,528 in the last three months. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Elequin Capital LP increased its holdings in SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after buying an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of SoFi Technologies by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after acquiring an additional 685 shares in the last quarter. Game Plan Financial Advisors LLC increased its holdings in shares of SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock valued at $128,000 after acquiring an additional 1,000 shares during the last quarter. Bank of New Hampshire raised its position in shares of SoFi Technologies by 33.3% during the 1st quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in SoFi Technologies by 16.7% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company's stock worth $81,000 after purchasing an additional 1,000 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.