SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.3% - Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price was up 1.3% during trading on Friday . The company traded as high as $12.81 and last traded at $12.67. Approximately 17,946,578 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 46,641,829 shares. The stock had previously closed at $12.51.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Citizens Jmp initiated coverage on SoFi Technologies in a report on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective on the stock. JMP Securities initiated coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and an average price target of $14.38.

SoFi Technologies Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The firm's 50 day moving average price is $11.95 and its 200 day moving average price is $13.80. The stock has a market capitalization of $13.82 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $763.81 million for 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 quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,172 shares of company stock valued at $1,271,115. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

Hedge funds have recently made changes to their positions in the stock. Elequin Capital LP boosted 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 worth $42,000 after purchasing an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings 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 valued at $881,000 after buying an additional 685 shares during the period. Procyon Advisors LLC boosted its stake in shares of SoFi Technologies by 8.0% in the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock worth $208,000 after buying an additional 1,000 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after acquiring an additional 1,000 shares during the period. Finally, Bank of New Hampshire lifted its holdings in SoFi Technologies by 33.3% in the first quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock valued at $47,000 after acquiring an additional 1,000 shares during the period. 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.