SoFi Technologies (NASDAQ:SOFI – Free Report) had its target price upped by The Goldman Sachs Group from $8.50 to $9.50 in a research note released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.
Several other research analysts have also recently weighed in on SOFI. JPMorgan Chase & Co. increased their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Barclays raised their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho raised their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America reiterated an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $12.50.
View Our Latest Stock Report on SoFi Technologies
SoFi Technologies Trading Up 2.8 %
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same quarter in the prior year, the firm earned $0.04 EPS. On average, equities research analysts anticipate that SoFi Technologies will post 0.12 EPS for the current fiscal year.
Insider Activity at SoFi Technologies
In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of 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. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On SoFi Technologies
Several large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of SoFi Technologies in the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after buying an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of SoFi Technologies during the third quarter worth $47,000. 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.
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