SoFi Technologies (NASDAQ:SOFI) Shares Down 5% – Should You Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) fell 5% on Tuesday . The company traded as low as $13.42 and last traded at $13.64. 19,803,291 shares changed hands during trading, a decline of 55% from the average session volume of 43,927,438 shares. The stock had previously closed at $14.36.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. Finally, UBS Group raised their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Price Performance

The company has a 50-day moving average of $15.65 and a two-hundred day moving average of $12.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market capitalization of $14.92 billion, a PE ratio of 37.15, a P/E/G ratio of 2.24 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the sale, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the sale, the director now owns 482,083 shares of the company’s stock, 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. In the last quarter, insiders sold 26,008,465 shares of company stock worth $416,952,167. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of institutional investors have recently modified their holdings of the stock. Forum Financial Management LP increased its stake in shares of SoFi Technologies by 15.2% during the 4th quarter. Forum Financial Management LP now owns 41,446 shares of the company’s stock worth $638,000 after purchasing an additional 5,475 shares during the last quarter. Warm Springs Advisors Inc. acquired a new stake in SoFi Technologies in the 4th quarter worth approximately $2,464,000. CTC Alternative Strategies Ltd. bought a new stake in SoFi Technologies during the fourth quarter worth approximately $265,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of SoFi Technologies during the 4th quarter worth $162,000. Finally, Sunbelt Securities Inc. lifted its position in SoFi Technologies by 849.4% during the 4th quarter. Sunbelt Securities Inc. now owns 9,750 shares of the company’s stock worth $152,000 after acquiring an additional 8,723 shares during the last quarter. Institutional investors and hedge funds 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.