SoFi Technologies (NASDAQ:SOFI) Shares Up 2.4% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) was up 2.4% on Thursday . The company traded as high as $13.40 and last traded at $13.32. Approximately 15,012,614 shares traded hands during trading, a decline of 68% from the average daily volume of 46,679,677 shares. The stock had previously closed at $13.01.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. JMP Securities began coverage on SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target for the company. Citigroup boosted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.38.

SoFi Technologies Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.24 and a beta of 1.84. The firm's fifty day moving average price is $11.90 and its 200-day moving average price is $13.79.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The business had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business's quarterly revenue was up 32.7% compared to the same quarter last year. Analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 215,029 shares in the company, valued at $2,302,960.59. This represents a 4.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,172 shares of company stock valued at $1,271,115 in the last three months. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

A number of hedge funds have recently modified their holdings of SOFI. Berkshire Capital Holdings Inc. raised its position in shares of SoFi Technologies by 6,208,000.0% in the fourth 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. acquired a new stake in SoFi Technologies in the 4th quarter valued at approximately $3,703,000. Hanseatic Management Services Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter worth approximately $1,116,000. Kercheville Advisors LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. increased its stake in SoFi Technologies by 12.9% during the fourth 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 period. Hedge funds and other institutional investors own 38.43% of the company's stock.

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.

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