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

SoFi Technologies, Inc. (NASDAQ:SOFI) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.38.

SOFI has been the subject of several recent research reports. JMP Securities began coverage on SoFi Technologies in a research report on Friday, April 25th. They set a “market outperform” rating and a $17.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. UBS Group increased their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Citizens Jmp began coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set an “outperform” rating and a $17.00 price target on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the transaction, the executive vice president now directly owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. This represents a 9.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,172 shares of company stock valued at $1,271,115. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SOFI. World Investment Advisors LLC increased its stake in shares of SoFi Technologies by 6.5% in the 3rd quarter. World Investment Advisors LLC now owns 21,745 shares of the company’s stock worth $171,000 after acquiring an additional 1,336 shares during the last quarter. GAMMA Investing LLC increased its position in SoFi Technologies by 40.3% during the fourth quarter. GAMMA Investing LLC now owns 5,925 shares of the company’s stock worth $91,000 after purchasing an additional 1,703 shares during the last quarter. Nordea Investment Management AB raised its stake in SoFi Technologies by 1.2% during the fourth quarter. Nordea Investment Management AB now owns 898,467 shares of the company’s stock worth $14,083,000 after purchasing an additional 10,506 shares during the period. Brookstone Capital Management boosted its holdings in SoFi Technologies by 3.7% in the 4th quarter. Brookstone Capital Management now owns 63,137 shares of the company’s stock valued at $972,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in SoFi Technologies by 23.5% in the 4th quarter. Wedmont Private Capital now owns 18,315 shares of the company’s stock valued at $259,000 after purchasing an additional 3,486 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SOFI opened at $13.57 on Friday. 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 has a 50-day moving average of $12.02 and a two-hundred day moving average of $13.91. The stock has a market cap of $15.00 billion, a P/E ratio of 36.68, a P/E/G ratio of 2.24 and a beta of 1.84. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, research analysts predict that SoFi Technologies will post 0.26 EPS for the current year.

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.