SoFi Technologies (NASDAQ:SOFI) Trading 1.2% Higher - Should You Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price was up 1.2% on Monday . The stock traded as high as $12.91 and last traded at $12.86. Approximately 15,365,525 shares changed hands during trading, a decline of 67% from the average daily volume of 46,617,068 shares. The stock had previously closed at $12.70.

Analysts Set New Price Targets

SOFI has been the subject of several recent research reports. UBS Group increased 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. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Barclays lifted their price target on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Citizens Jmp assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and an average target price of $14.38.

SoFi Technologies Price 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 stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company's 50 day moving average is $11.99 and its 200 day moving average is $13.78.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The firm had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. During the same period in the prior year, the firm earned $0.02 EPS. The business's revenue was up 32.7% on a year-over-year basis. Research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies during the 4th quarter worth $31,000. Garde Capital Inc. acquired a new stake in shares of SoFi Technologies in the first quarter valued at about $31,000. Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies during the fourth quarter worth about $32,000. Finally, Larson Financial Group LLC grew its position in SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.

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