SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $16.44 and last traded at $16.41. 18,724,665 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 50,601,200 shares. The stock had previously closed at $16.08.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. JMP Securities assumed coverage on SoFi Technologies in a report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target on the stock. Citizens Jmp assumed coverage on SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price target on the stock. Truist Financial assumed coverage on SoFi Technologies in a report on Monday, June 2nd. They issued a "hold" rating and a $14.00 price target on the stock. UBS Group raised their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Stephens assumed coverage on SoFi Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.73.
Check Out Our Latest Research Report on SoFi Technologies
SoFi Technologies Stock Performance
The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $18.54 billion, a P/E ratio of 40.90, a PEG ratio of 2.72 and a beta of 1.82. The stock has a fifty day simple moving average of $13.64 and a 200-day simple moving average of $13.96.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) 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 analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company's revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. Equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Insider Transactions at SoFi Technologies
In other news, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $13.95, for a total transaction of $1,215,603.00. Following the sale, the director now owns 376,398 shares of the company's stock, valued at $5,250,752.10. This trade represents a 18.80% 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, EVP Kelli Keough sold 10,267 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.22, for a total value of $156,263.74. Following the sale, the executive vice president now directly owns 255,467 shares in the company, valued at approximately $3,888,207.74. This represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,095 shares of company stock valued at $3,939,168 over the last 90 days. 2.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On SoFi Technologies
A number of hedge funds have recently modified their holdings of SOFI. Two Sigma Advisers LP bought a new stake in SoFi Technologies in the 4th quarter valued at approximately $299,980,000. Vanguard Group Inc. lifted its stake in SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock valued at $1,514,390,000 after acquiring an additional 8,898,879 shares in the last quarter. Norges Bank bought a new stake in SoFi Technologies in the 4th quarter valued at approximately $103,678,000. Voloridge Investment Management LLC bought a new stake in SoFi Technologies in the 4th quarter valued at approximately $75,139,000. Finally, Nuveen LLC bought a new stake in SoFi Technologies in the 1st quarter valued at approximately $47,616,000. Institutional investors and hedge funds own 38.43% of the company's stock.
SoFi Technologies Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider SoFi Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoFi Technologies wasn't on the list.
While SoFi Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
