SoFi Technologies (NASDAQ:SOFI) Trading Down 1.1% - What's Next?

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shares traded down 1.1% on Friday . The stock traded as low as $13.04 and last traded at $13.12. 14,973,408 shares were traded during trading, a decline of 68% from the average session volume of 46,771,457 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SOFI shares. UBS Group boosted their target price 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 raised their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. Finally, Citizens Jmp assumed coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price for the company. Three investment 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.38.

SoFi Technologies Stock Performance

The stock's 50 day moving average price is $11.89 and its 200 day moving average price is $13.81. The company has a market capitalization of $14.28 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. During the same period in the previous year, the business earned $0.02 EPS. The firm's revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value 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 represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock valued at $1,271,115. Company insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of the company. World Investment Advisors LLC lifted its holdings in SoFi Technologies by 6.5% during the third quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock worth $171,000 after acquiring an additional 1,336 shares during the period. GAMMA Investing LLC boosted its holdings in shares of SoFi Technologies by 40.3% in the 4th quarter. GAMMA Investing LLC now owns 5,925 shares of the company's stock worth $91,000 after buying an additional 1,703 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of SoFi Technologies by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 898,467 shares of the company's stock worth $14,083,000 after buying an additional 10,506 shares during the last quarter. Brookstone Capital Management grew its position in SoFi Technologies by 3.7% during the fourth quarter. Brookstone Capital Management now owns 63,137 shares of the company's stock valued at $972,000 after buying an additional 2,268 shares during the period. Finally, Wedmont Private Capital increased its holdings in SoFi Technologies by 23.5% during the fourth quarter. Wedmont Private Capital now owns 18,315 shares of the company's stock worth $259,000 after buying an additional 3,486 shares during the last quarter. 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.

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