SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) shares rose 3.7% during mid-day trading on Wednesday after Citigroup raised their price target on the stock from $12.50 to $18.00. Citigroup currently has a buy rating on the stock. SoFi Technologies traded as high as $15.54 and last traded at $15.03. Approximately 17,008,487 shares were traded during trading, a decline of 54% from the average daily volume of 36,955,879 shares. The stock had previously closed at $14.50.
A number of other research analysts also recently issued reports on SOFI. Barclays boosted 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. The Goldman Sachs Group upped their target price on SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley lifted their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $11.71.
Read Our Latest Stock Report on SOFI
Insider Activity
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new position in shares of SoFi Technologies in the third quarter worth about $28,000. FNY Investment Advisers LLC boosted its position in 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 acquiring an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in SoFi Technologies during the 3rd quarter valued at about $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in SoFi Technologies in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.
SoFi Technologies Price Performance
The firm has a market capitalization of $17.69 billion, a PE ratio of 163.02, a price-to-earnings-growth ratio of 0.96 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 stock’s 50 day simple moving average is $15.16 and its two-hundred day simple moving average is $10.52.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the company earned ($0.03) EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current 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.
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