SoFi Technologies (NASDAQ:SOFI) Shares Up 0.2% – Still a Buy?

SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $12.63 and last traded at $12.67. 8,379,798 shares changed hands during trading, a decline of 81% from the average session volume of 44,355,749 shares. The stock had previously closed at $12.64.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SOFI. Morgan Stanley boosted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Bank of America restated an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. UBS Group upped their price objective 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. Finally, Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four investment 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’s stock. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Up 1.8 %

The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is $14.67 and its 200-day moving average is $13.01. The company has a market cap of $14.11 billion, a PE ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 in the previous year, the company earned $0.04 EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction 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 transaction, the executive vice president now owns 187,725 shares in the company, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,819 shares of company stock worth $1,447,044. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Berkshire Capital Holdings Inc. lifted its stake in shares of SoFi Technologies by 6,208,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company’s stock valued at $9,560,000 after buying an additional 620,800 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $3,703,000. Hanseatic Management Services Inc. purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $1,116,000. Kercheville Advisors LLC purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $1,594,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock valued at $48,306,000 after buying an additional 87,097 shares in the last quarter. Hedge funds and other institutional investors 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.