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

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned an average rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.08.

A number of equities analysts have recently commented on SOFI shares. Jefferies Financial Group dropped their price objective on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 26th. Wedbush reiterated an “underperform” rating and issued a $3.00 price objective on shares of SoFi Technologies in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on SoFi Technologies from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 30th. Citigroup started coverage on SoFi Technologies in a research note on Monday, April 8th. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upgraded SoFi Technologies from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $6.50 to $7.50 in a research note on Friday, April 5th.

Insiders Place Their Bets

In other news, Director Qatar Investment Authority sold 19,840,073 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.78, for a total value of $134,515,694.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Qatar Investment Authority sold 19,840,073 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.78, for a total value of $134,515,694.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Noto acquired 28,775 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $6.90 per share, with a total value of $198,547.50. Following the transaction, the chief executive officer now owns 8,033,369 shares in the company, valued at $55,430,246.10. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 88,390 shares of company stock valued at $597,569. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in SoFi Technologies during the 4th quarter worth about $27,000. ORG Partners LLC bought a new position in SoFi Technologies during the 1st quarter worth about $27,000. Westside Investment Management Inc. boosted its stake in shares of SoFi Technologies by 93.8% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $31,000 after buying an additional 1,500 shares during the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of SoFi Technologies by 61.2% during the 1st quarter. SOA Wealth Advisors LLC. now owns 4,513 shares of the company’s stock worth $33,000 after buying an additional 1,713 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of SoFi Technologies during the 1st quarter worth about $37,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $6.46 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. SoFi Technologies has a 1 year low of $6.30 and a 1 year high of $11.70. The business has a fifty day simple moving average of $7.10 and a 200 day simple moving average of $7.80. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of -20.84, a P/E/G ratio of 1.50 and a beta of 1.72.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, April 29th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $580.60 million for the quarter, compared to analyst estimates of $555.27 million. SoFi Technologies had a positive return on equity of 1.10% and a negative net margin of 8.21%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, sell-side analysts predict that SoFi Technologies will post 0.08 earnings per share for the current fiscal year.

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.