SoFi Technologies (NASDAQ:SOFI) Stock Price Expected to Rise, UBS Group Analyst Says

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $14.00 to $15.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target indicates a potential upside of 22.05% from the stock's current price.

Other analysts also recently issued research reports about the company. Citizens Jmp initiated coverage on SoFi Technologies in a research note on Friday, April 25th. They set an "outperform" rating and a $17.00 price target for the company. Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. JMP Securities started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $14.38.

SoFi Technologies Stock Up 1.5 %

Shares of NASDAQ SOFI traded up $0.19 during trading hours on Wednesday, hitting $12.70. The stock had a trading volume of 50,644,874 shares, compared to its average volume of 46,731,226. The company has a market capitalization of $13.93 billion, a P/E ratio of 34.32, a P/E/G ratio of 2.24 and a beta of 1.86. The firm's 50-day moving average price is $11.99 and its two-hundred day moving average price is $13.76. 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 has a 52 week low of $6.01 and a 52 week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results 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 net margin of 18.64% and a return on equity of 3.82%. The company had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same quarter in the prior year, the business posted $0.02 EPS. SoFi Technologies's quarterly revenue was up 32.7% on a year-over-year basis. Analysts anticipate that SoFi Technologies will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the business's 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 transaction, the executive vice president now owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated 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 owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,172 shares of company stock worth $1,271,115 in the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Berkshire Capital Holdings Inc. grew its holdings in SoFi Technologies by 6,208,000.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after purchasing an additional 620,800 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $3,703,000. Hanseatic Management Services Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter valued at $1,116,000. Kercheville Advisors LLC acquired a new stake in SoFi Technologies during the 4th quarter worth $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. lifted its holdings in SoFi Technologies by 12.9% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock worth $9,131,000 after acquiring an additional 67,779 shares in the last quarter. 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.