SoFi Technologies (NASDAQ:SOFI) Stock Price Down 0.9% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) was down 0.9% during trading on Tuesday . The stock traded as low as $13.50 and last traded at $13.60. Approximately 11,064,996 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 44,572,179 shares. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Citigroup increased their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC increased their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $14.86 billion, a PE ratio of 36.65, a PEG ratio of 2.24 and a beta of 1.79. The business has a fifty day moving average price of $14.66 and a 200-day moving average price of $13.10.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the company earned $0.04 earnings per share. Research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,905 shares of company stock valued at $1,308,075. Insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies during the 4th quarter valued at $27,000. Hollencrest Capital Management purchased a new position in shares of SoFi Technologies in the fourth quarter valued at about $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the fourth quarter valued at about $32,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% in the fourth 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 last quarter. Finally, IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies in the fourth quarter worth about $38,000. Hedge funds and other 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.