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

SoFi Technologies, Inc. (NASDAQ:SOFI) has been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.50.

Several research firms recently weighed in on SOFI. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. UBS Group lifted their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Mizuho lifted their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th.

SoFi Technologies Stock Up 2.8 %

SOFI opened at $14.47 on Friday. The business has a 50 day moving average price of $15.54 and a 200 day moving average price of $12.50. SoFi Technologies has a twelve month low of $6.01 and a twelve month high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm has a market cap of $15.70 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 period last year, the company posted $0.04 earnings per share. Research analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $386,417,705.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. This represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,008,465 shares of company stock worth $416,952,167. Company insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in SoFi Technologies in the third quarter worth $27,000. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies in the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies in the third quarter worth $28,000. Hollencrest Capital Management acquired a new position in SoFi Technologies in the fourth quarter worth $31,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in SoFi Technologies in the fourth quarter worth $32,000. 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.