SoFi Technologies (NASDAQ:SOFI) Receives Outperform Rating from William Blair

William Blair restated their outperform rating on shares of SoFi Technologies (NASDAQ:SOFI) in a report released on Friday morning,RTT News reports.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. Mizuho upped their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup lifted their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.71.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $17.92 on Friday. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market cap of $19.45 billion, a P/E ratio of 179.22, a P/E/G ratio of 1.19 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 $15.71 and its 200 day simple moving average is $11.02.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts forecast that SoFi Technologies will post 0.12 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total value of $28,242,361.18. Following the transaction, the director now owns 482,083 shares in the company, valued at approximately $7,742,252.98. This trade represents a 78.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SOFI. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the third quarter valued at approximately $28,000. FNY Investment Advisers LLC raised 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 valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the third quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $47,000. 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.