SoFi Technologies (NASDAQ:SOFI) Shares Down 1.2% - Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price traded down 1.2% during mid-day trading on Tuesday . The company traded as low as $12.44 and last traded at $12.71. 13,297,600 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 46,627,143 shares. The stock had previously closed at $12.86.

Analyst Ratings Changes

A number of equities analysts have weighed in on SOFI shares. The Goldman Sachs Group lifted their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. UBS Group upped their price target on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Citigroup lifted their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $14.38.

SoFi Technologies Trading Up 2.5 %

The firm has a market cap of $14.63 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.24 and a beta of 1.84. The business's 50-day moving average is $11.90 and its two-hundred day moving average is $13.79. 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 - Get Free Report) last posted its 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 company had revenue of $763.81 million during the quarter, compared to analyst estimates 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 was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction on Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the sale, the executive vice president now directly owns 215,029 shares in the company, valued at $2,302,960.59. The trade was a 4.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,172 shares of company stock worth $1,271,115. 2.60% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Berkshire Capital Holdings Inc. increased its position in shares of SoFi Technologies by 6,208,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after purchasing an additional 620,800 shares during the period. SBI Securities Co. Ltd. bought a new position in SoFi Technologies during the fourth quarter valued at about $3,703,000. Hanseatic Management Services Inc. acquired a new position in SoFi Technologies during the fourth quarter worth about $1,116,000. Kercheville Advisors LLC bought a new stake in SoFi Technologies in the fourth quarter worth about $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. lifted its holdings in SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock valued at $9,131,000 after acquiring an additional 67,779 shares during the last quarter. 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.