SoFi Technologies, Inc. (NASDAQ:SOFI) Receives $12.50 Consensus Target Price from Analysts

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.50.

A number of analysts recently commented on SOFI shares. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. UBS Group boosted their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Dbs Bank raised SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st.

SoFi Technologies Stock Performance

Shares of SOFI opened at $12.87 on Thursday. The company has a 50-day moving average of $14.67 and a two-hundred day moving average of $13.01. The stock has a market cap of $14.11 billion, a P/E ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies has a 12-month low of $6.01 and a 12-month high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the company posted $0.04 earnings per share. As a group, research analysts predict that SoFi Technologies will post 0.26 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,819 shares of company stock worth $1,447,044 in the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies during the 4th quarter worth $27,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies in the fourth quarter worth about $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies during the 4th quarter worth about $32,000. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% during the 4th 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 during the period. Finally, IAG Wealth Partners LLC acquired a new stake in SoFi Technologies in the 4th quarter valued at approximately $38,000. 38.43% of the stock is currently owned by 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.