SoFi Technologies (NASDAQ:SOFI) Trading Down 1.3% - Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) traded down 1.3% during mid-day trading on Monday . The company traded as low as $14.89 and last traded at $15.57. 18,810,041 shares traded hands during trading, a decline of 59% from the average session volume of 45,679,980 shares. The stock had previously closed at $15.78.

Wall Street Analyst Weigh In

SOFI has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Mizuho lifted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Needham & Company LLC lifted their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Barclays lifted their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Stock Down 4.5 %

The company's 50-day simple moving average is $15.79 and its two-hundred day simple moving average is $11.55. The firm has a market capitalization of $16.06 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.12 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period last year, the company earned $0.04 earnings per share. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at SoFi Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company's stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,008,870 shares of company stock valued at $416,950,073. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC increased its position in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after acquiring an additional 1,905 shares during the period. Capital Performance Advisors LLP bought a new position in SoFi Technologies in the third quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in SoFi Technologies during the 3rd quarter worth $28,000. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter valued at $39,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of SoFi Technologies by 63.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock worth $84,000 after buying an additional 2,130 shares during the period. Institutional investors own 38.43% of the company's stock.

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.