UBS Group Increases SoFi Technologies (NASDAQ:SOFI) Price Target to $14.00

SoFi Technologies (NASDAQ:SOFI) had its price objective boosted by UBS Group from $10.50 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

SOFI has been the subject of several other reports. Morgan Stanley lifted their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Citigroup boosted their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Bank of America restated an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Trading Up 2.8 %

NASDAQ SOFI opened at $16.44 on Tuesday. The stock has a market cap of $17.84 billion, a PE ratio of 164.42, a PEG ratio of 1.19 and a beta of 1.78. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $18.42. The company’s 50-day moving average price is $15.84 and its 200-day moving average price is $11.28. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. During the same period in the prior year, the company posted $0.04 EPS. Equities research analysts forecast that SoFi Technologies will post 0.12 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the sale, the chief technology officer now directly owns 586,494 shares in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of SoFi Technologies by 2.8% in the third quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after acquiring an additional 809 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in SoFi Technologies by 0.3% in the 3rd quarter. Summit Trail Advisors LLC now owns 280,464 shares of the company’s stock valued at $2,204,000 after purchasing an additional 855 shares in the last quarter. CIBC Asset Management Inc boosted its stake in SoFi Technologies by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 28,409 shares of the company’s stock worth $223,000 after purchasing an additional 962 shares during the last quarter. Oak Harbor Wealth Partners LLC grew its holdings in shares of SoFi Technologies by 10.0% during the third quarter. Oak Harbor Wealth Partners LLC now owns 11,000 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in shares of SoFi Technologies by 8.0% in the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company’s stock valued at $208,000 after buying an additional 1,000 shares during the last quarter. 38.43% of the stock is currently 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.