SoFi Technologies (NASDAQ:SOFI) Shares Down 0% – Time to Sell?

SoFi Technologies, Inc. (NASDAQ:SOFI)’s share price was down 0% during mid-day trading on Wednesday . The stock traded as low as $12.84 and last traded at $13.09. Approximately 11,671,519 shares traded hands during trading, a decline of 74% from the average daily volume of 45,394,023 shares. The stock had previously closed at $13.09.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of research analyst reports. 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 research report on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Citigroup raised their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Trading Up 0.9 %

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 business has a 50 day moving average of $15.44 and a two-hundred day moving average of $12.63. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 2.24 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly 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 net margin of 18.64% and a return on equity of 3.82%. During the same period in the prior year, the company posted $0.04 earnings per share. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, Director Bashir Ruzwana sold 52,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total value of $833,040.00. Following the transaction, the director now owns 25,937 shares in the company, valued at $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares in the company, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,004 shares of company stock valued at $2,292,100. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Total Wealth Planning & Management Inc. purchased a new position in shares of SoFi Technologies in the 4th quarter worth approximately $821,000. Jefferies Financial Group Inc. purchased a new stake in SoFi Technologies in the 4th quarter worth about $1,164,000. Virtue Capital Management LLC bought a new stake in SoFi Technologies in the 4th quarter valued at about $982,000. Forum Financial Management LP lifted its holdings in SoFi Technologies by 15.2% during the fourth quarter. Forum Financial Management LP now owns 41,446 shares of the company’s stock valued at $638,000 after purchasing an additional 5,475 shares during the last quarter. Finally, Warm Springs Advisors Inc. bought a new position in SoFi Technologies during the fourth quarter worth about $2,464,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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.