UBS Group Raises SoFi Technologies (NASDAQ:SOFI) Price Target to $14.00

SoFi Technologies (NASDAQ:SOFI) had its target price raised by stock analysts at UBS Group from $10.50 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential downside of 12.45% from the stock’s previous close.

Several other brokerages also recently weighed in on SOFI. The Goldman Sachs Group lifted their price target on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Needham & Company LLC upped their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Finally, Morgan Stanley increased their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Down 1.1 %

SOFI opened at $15.99 on Tuesday. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 159.92, a PEG ratio of 1.19 and a beta of 1.78. 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 firm has a 50 day moving average price of $15.81 and a 200-day moving average price of $11.25. SoFi Technologies has a twelve month low of $6.01 and a twelve month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last released 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 8.38% and a return on equity of 3.71%. During the same quarter last year, the company posted $0.04 earnings per share. Equities research analysts forecast that SoFi Technologies will post 0.12 earnings per share for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 9,590 shares of the company’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 completion of the sale, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Schuppenhauer bought 30,600 shares of the business’s stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the transaction, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 26,008,870 shares of company stock valued at $416,950,073. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in SoFi Technologies during the third quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC grew its position in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in SoFi Technologies in the third quarter valued at approximately $47,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.