SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $9.50

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its price objective boosted by stock analysts at The Goldman Sachs Group from $8.50 to $9.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential downside of 39.87% from the stock's current price.

SOFI has been the topic of a number of other research reports. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Citigroup boosted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reiterated an "underperform" rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, Mizuho raised their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.50.

SoFi Technologies Stock Performance

SoFi Technologies stock traded down $0.64 during midday trading on Tuesday, reaching $15.80. The stock had a trading volume of 45,706,760 shares, compared to its average volume of 46,851,531. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average price is $15.84 and its 200 day moving average price is $11.28. The firm has a market capitalization of $17.15 billion, a PE ratio of 42.70, a P/E/G ratio of 2.15 and a beta of 1.78. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period in the prior year, the business earned $0.04 EPS. As a group, research analysts predict that SoFi Technologies will post 0.28 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the transaction, the executive vice president now directly owns 142,613 shares in the company, valued at $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 over the last ninety days. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. Capital Performance Advisors LLP bought a new stake in shares of SoFi Technologies during the 3rd quarter valued at $27,000. Brooklyn Investment Group purchased a new position in SoFi Technologies in the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after purchasing an additional 1,905 shares during the period. Waldron Private Wealth LLC purchased a new stake in SoFi Technologies during the 3rd quarter valued at approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of SoFi Technologies during the third quarter valued at approximately $47,000. 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.