SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $12.50 Consensus Target Price from Analysts

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.50.

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Mizuho upped their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. 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 report on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Morgan Stanley raised their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th.

SoFi Technologies Price Performance

SOFI opened at $13.92 on Friday. The company has a fifty day moving average price of $15.59 and a two-hundred day moving average price of $12.37. 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 has a market capitalization of $15.11 billion, a PE ratio of 37.62, a P/E/G ratio of 2.24 and a beta of 1.77. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.04 earnings per share. As a group, analysts anticipate that SoFi Technologies will post 0.26 earnings per share for the current year.

Insider Activity

In related news, Director Bashir Ruzwana sold 52,000 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total value of $833,040.00. Following the sale, the director now owns 25,937 shares of the company’s stock, valued at approximately $415,510.74. This trade represents a 66.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the sale, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,465 shares of company stock worth $416,952,167 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SOFI. Forum Financial Management LP lifted its position in SoFi Technologies by 15.2% during the 4th quarter. Forum Financial Management LP now owns 41,446 shares of the company’s stock worth $638,000 after buying an additional 5,475 shares in the last quarter. Warm Springs Advisors Inc. bought a new stake in SoFi Technologies during the fourth quarter worth about $2,464,000. CTC Alternative Strategies Ltd. bought a new stake in SoFi Technologies during the fourth quarter worth about $265,000. Parr Mcknight Wealth Management Group LLC acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $162,000. Finally, Sunbelt Securities Inc. grew its stake in SoFi Technologies by 849.4% in the fourth quarter. Sunbelt Securities Inc. now owns 9,750 shares of the company’s stock valued at $152,000 after purchasing an additional 8,723 shares in the last quarter. 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.