SoFi Technologies (NASDAQ:SOFI) Coverage Initiated by Analysts at TD Cowen

Investment analysts at TD Cowen assumed coverage on shares of SoFi Technologies (NASDAQ:SOFI - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set a "hold" rating and a $21.00 price target on the stock. TD Cowen's price objective indicates a potential upside of 0.14% from the company's previous close.

SOFI has been the topic of several other reports. Citizens Jmp assumed coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of SoFi Technologies from $9.00 to $13.00 and gave the company an "underperform" rating in a research note on Thursday. Stephens assumed coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price for the company. Barclays lifted their price target on shares of SoFi Technologies from $12.00 to $18.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.81.

SoFi Technologies Stock Performance

Shares of SOFI opened at $20.97 on Friday. The firm has a 50-day moving average price of $14.98 and a 200 day moving average price of $14.17. The firm has a market capitalization of $23.18 billion, a PE ratio of 51.15, a P/E/G ratio of 3.42 and a beta of 1.91. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $21.32.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same quarter last year, the firm posted $0.02 EPS. The business's revenue for the quarter was up 32.7% on a year-over-year basis. On average, sell-side analysts anticipate that SoFi Technologies will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total value of $1,253,944.60. Following the sale, the director directly owned 289,258 shares in the company, valued at $4,162,422.62. This trade represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares in the company, valued at $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,095 shares of company stock worth $3,939,168. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

A number of large investors have recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $27,000. Hazlett Burt & Watson Inc. lifted its holdings in SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after purchasing an additional 2,200 shares during the last quarter. Headlands Technologies LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at $28,000. SVB Wealth LLC acquired a new stake in shares of SoFi Technologies during the first quarter worth $28,000. Finally, Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $31,000. 38.43% of the stock is 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.

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