SoFi Technologies, Inc. (NASDAQ:SOFI) Receives Average Rating of “Hold” from Analysts

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat reports. Four 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 on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.50.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley increased their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. Needham & Company LLC increased their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd.

SoFi Technologies Stock Up 6.5 %

SOFI stock opened at $12.73 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a 50-day moving average of $14.73 and a two-hundred day moving average of $12.94. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, equities research analysts anticipate that SoFi Technologies will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the sale, the executive vice president now owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 27,013 shares of company stock worth $437,402 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Several hedge funds have recently modified their holdings of SOFI. Two Sigma Advisers LP acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $299,980,000. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock worth $1,514,390,000 after buying an additional 8,898,879 shares in the last quarter. Norges Bank acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $103,678,000. Voloridge Investment Management LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $75,139,000. Finally, Amundi increased its holdings in shares of SoFi Technologies by 58,176.3% during the fourth quarter. Amundi now owns 2,705,185 shares of the company’s stock worth $39,360,000 after buying an additional 2,700,543 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.