SoFi Technologies (NASDAQ:SOFI) Shares Down 1% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) fell 1% during mid-day trading on Monday . The company traded as low as $14.22 and last traded at $14.33. 12,583,068 shares traded hands during trading, a decline of 72% from the average session volume of 44,217,457 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

A number of brokerages have issued reports on SOFI. Morgan Stanley increased their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, UBS Group raised their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Four equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Trading Down 7.3 %

The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.24 and a beta of 1.79. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $12.63. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.04 earnings per share. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total value of $833,040.00. Following the sale, the director now owns 25,937 shares of the company's stock, valued at approximately $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,004 shares of company stock valued at $2,292,100 over the last quarter. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC bought a new position in SoFi Technologies during the fourth quarter valued at about $32,000. FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after buying an additional 1,905 shares in the last quarter. Finally, IAG Wealth Partners LLC bought a new position in SoFi Technologies during the fourth quarter valued at about $38,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.