SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3.9% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares were down 3.9% on Tuesday . The stock traded as low as $11.82 and last traded at $11.85. Approximately 9,694,095 shares were traded during trading, a decline of 78% from the average daily volume of 44,508,599 shares. The stock had previously closed at $12.32.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SOFI shares. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Needham & Company LLC increased their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Up 6.5 %

The firm’s 50-day moving average price is $14.73 and its 200 day moving average price is $12.94. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

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 18.64% and a return on equity of 3.82%. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the sale, the executive vice president now owns 187,725 shares in the company, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 27,013 shares of company stock worth $437,402. 2.60% of the stock is owned by insiders.

Institutional Trading of SoFi Technologies

Hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in SoFi Technologies during the fourth quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $32,000. FNY Investment Advisers LLC boosted its holdings 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 valued at $33,000 after purchasing an additional 1,905 shares during the last quarter. Finally, IAG Wealth Partners LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.