Brokerages Set SoFi Technologies, Inc. (NASDAQ:SOFI) Price Target at $12.50

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) have been assigned an average rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.50.

SOFI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. The Goldman Sachs Group upped their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley increased their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. Mizuho increased their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 9,185 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company’s stock, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the firm’s stock in a transaction that occurred 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 directly owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,008,465 shares of company stock valued at $416,952,167. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

Large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the fourth quarter worth approximately $27,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies during the fourth quarter worth approximately $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the fourth quarter worth approximately $32,000. FNY Investment Advisers LLC increased 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 worth $33,000 after acquiring an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC bought a new position in SoFi Technologies during the 4th quarter worth $38,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Up 2.8 %

NASDAQ SOFI opened at $14.47 on Friday. The stock has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $12.50. The company has a market capitalization of $15.70 billion, a PE ratio of 39.11, a P/E/G ratio of 2.24 and a beta of 1.78. 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 has a 12 month low of $6.01 and a 12 month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.04 earnings per share. Research analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

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.