SoFi Technologies (NASDAQ:SOFI) Trading Down 0.9% – Should You Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s stock price fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $13.50 and last traded at $13.60. 11,064,996 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 44,572,179 shares. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Stock Down 1.3 %

The stock has a 50-day moving average of $14.66 and a 200 day moving average of $13.10. The company has a market capitalization of $14.86 billion, a PE ratio of 36.65, a P/E/G ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (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 quarter last year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock worth $1,308,075 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies during the fourth quarter worth about $27,000. Hollencrest Capital Management bought a new position in SoFi Technologies in the 4th quarter worth approximately $31,000. Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies in the 4th quarter valued at approximately $32,000. FNY Investment Advisers LLC raised its holdings 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 acquiring an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $38,000. 38.43% of the stock is currently owned by institutional investors.

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.