SoFi Technologies' (SOFI) Market Perform Rating Reaffirmed at Citizens Jmp

SoFi Technologies (NASDAQ:SOFI - Get Free Report)'s stock had its "market perform" rating reiterated by Citizens Jmp in a research note issued to investors on Monday, MarketBeat Ratings reports.

SOFI has been the topic of a number of other reports. TD Cowen assumed coverage on SoFi Technologies in a research note on Friday. They set a "hold" rating and a $21.00 price target on the stock. Truist Financial initiated coverage on SoFi Technologies in a research report on Monday, June 2nd. They set a "hold" rating and a $14.00 target price on the stock. UBS Group lifted their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of SoFi Technologies in a research note on Monday. They set a "neutral" rating and a $19.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $16.41.

SoFi Technologies Trading Up 0.6%

Shares of NASDAQ:SOFI traded up $0.13 during mid-day trading on Monday, hitting $21.33. The company had a trading volume of 66,734,260 shares, compared to its average volume of 58,428,383. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies has a one year low of $6.01 and a one year high of $21.86. The firm has a fifty day moving average price of $15.15 and a 200 day moving average price of $14.17. The company has a market capitalization of $23.58 billion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 3.57 and a beta of 1.91.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly 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. The firm had revenue of $763.81 million during the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. The business's revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, research analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the transaction, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. This represents a 8.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,095 shares of company stock worth $3,939,168. Insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Several large investors have recently modified their holdings of the business. Brighton Jones LLC boosted its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $513,000. Raymond James Financial Inc. bought a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $14,479,000. PNC Financial Services Group Inc. grew its stake in SoFi Technologies by 7.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,013 shares of the company's stock valued at $370,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Swiss National Bank increased its holdings in SoFi Technologies by 1.6% during the 4th quarter. Swiss National Bank now owns 1,991,700 shares of the company's stock worth $30,672,000 after acquiring an additional 31,200 shares during the period. Hedge funds and other 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.