SoFi Technologies, Inc. (NASDAQ:SOFI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.50.

A number of research analysts recently weighed in on SOFI shares. Barclays raised their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Needham & Company LLC boosted their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Bank of America reaffirmed an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th.

SoFi Technologies Trading Up 0.6 %

SOFI opened at $16.17 on Wednesday. SoFi Technologies has a twelve month low of $6.01 and a twelve month high of $18.42. The firm has a market cap of $17.55 billion, a PE ratio of 161.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm’s fifty day moving average is $15.78 and its two-hundred day moving average is $11.22.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned $0.04 earnings per share. Equities research analysts anticipate that SoFi Technologies will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 9,590 shares of the business’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 owns 142,613 shares of the company’s stock, valued at $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the sale, the chief technology officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the 3rd quarter valued at approximately $28,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SoFi Technologies during the third quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of SoFi Technologies in the 3rd quarter valued at $47,000. Institutional investors and hedge funds 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.