SoFi Technologies (NASDAQ:SOFI) Trading Down 0.4% – What’s Next?

SoFi Technologies, Inc. (NASDAQ:SOFI) fell 0.4% on Tuesday . The stock traded as low as $14.87 and last traded at $15.07. 10,334,016 shares changed hands during trading, a decline of 76% from the average session volume of 42,995,770 shares. The stock had previously closed at $15.13.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SOFI shares. Mizuho lifted their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC upped their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Barclays raised their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Trading Down 2.0 %

The firm’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $11.72. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $16.08 billion, a PE ratio of 40.07, a P/E/G ratio of 2.04 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.04 earnings per share. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the sale, the chief technology officer now directly owns 586,494 shares in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares in the company, valued at approximately $2,076,445.28. This trade represents a 6.30 % 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 worth $416,950,073 over the last quarter. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of large investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in shares of SoFi Technologies during the 4th quarter worth about $3,157,000. AXQ Capital LP bought a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $457,000. Intellus Advisors LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $1,944,000. Sei Investments Co. increased its position in SoFi Technologies by 14.3% during the fourth quarter. Sei Investments Co. now owns 63,206 shares of the company’s stock worth $973,000 after acquiring an additional 7,884 shares during the period. Finally, American Century Companies Inc. increased its stake in SoFi Technologies by 5.7% during the fourth quarter. American Century Companies Inc. now owns 289,198 shares of the company’s stock valued at $4,454,000 after acquiring an additional 15,672 shares during the period. 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.