SoFi Technologies (NASDAQ:SOFI) Shares Down 0.5% – Time to Sell?

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) fell 0.5% during mid-day trading on Friday . The stock traded as low as $16.27 and last traded at $16.36. 10,623,245 shares were traded during trading, a decline of 76% from the average session volume of 45,171,051 shares. The stock had previously closed at $16.44.

Analysts Set New Price Targets

SOFI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Bank of America restated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC upped their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group raised their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Down 3.5 %

The stock has a market capitalization of $17.22 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.78. The stock’s fifty day simple moving average is $15.84 and its two-hundred day simple moving average is $11.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $0.04 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the sale, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SOFI. FNY Investment Advisers LLC boosted its holdings in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the period. Capital Performance Advisors LLP purchased a new position in SoFi Technologies during the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies in the third quarter worth about $28,000. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter worth approximately $39,000. Finally, AdvisorNet Financial Inc lifted its stake in SoFi Technologies by 63.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock worth $84,000 after purchasing an additional 2,130 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.