SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s share price traded up 1.1% during trading on Wednesday . The stock traded as high as $16.29 and last traded at $16.03. 22,838,045 shares changed hands during trading, a decline of 55% from the average session volume of 50,407,903 shares. The stock had previously closed at $15.85.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. JMP Securities assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Citizens Jmp assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective for the company. Truist Financial assumed coverage on SoFi Technologies in a research report on Monday, June 2nd. They set a "hold" rating and a $14.00 price objective for the company. Finally, Barclays raised their price objective on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.73.
View Our Latest Analysis on SoFi Technologies
SoFi Technologies Price Performance
The firm has a fifty day moving average of $13.76 and a 200 day moving average of $13.97. The company has a market capitalization of $18.99 billion, a P/E ratio of 41.90, a P/E/G ratio of 2.84 and a beta of 1.82. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company had revenue of $763.81 million during the quarter, compared to the consensus estimate of $739.93 million. During the same period last year, the company earned $0.02 EPS. SoFi Technologies's revenue for the quarter was up 32.7% on a year-over-year basis. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.
Insider Buying and Selling at SoFi Technologies
In other news, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total transaction of $154,137.60. Following the transaction, the executive vice president now directly owns 203,509 shares of the company's stock, valued at $2,722,950.42. The trade was a 5.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $13.95, for a total value of $1,215,603.00. Following the transaction, the director now directly owns 376,398 shares in the company, valued at approximately $5,250,752.10. The trade was a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,095 shares of company stock worth $3,939,168 in the last three months. 2.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Berkshire Capital Holdings Inc. increased its stake in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock worth $9,560,000 after buying an additional 620,800 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SoFi Technologies in the fourth quarter valued at about $3,703,000. Midwest Professional Planners LTD. bought a new position in shares of SoFi Technologies in the fourth quarter worth about $836,000. Oppenheimer & Co. Inc. grew its position in shares of SoFi Technologies by 47.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 365,439 shares of the company's stock worth $5,628,000 after purchasing an additional 118,288 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.
About SoFi Technologies
(
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.
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