SoFi Technologies (NASDAQ:SOFI) Stock Price Expected to Rise, UBS Group Analyst Says

SoFi Technologies (NASDAQ:SOFI) had its target price lifted by analysts at UBS Group from $10.50 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential downside of 10.47% from the company’s current price.

Several other equities research analysts also recently commented on the company. Needham & Company LLC increased their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Mizuho upped their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and an average price target of $12.42.

SoFi Technologies Stock Down 2.7 %

Shares of SOFI stock opened at $15.64 on Tuesday. The firm’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $11.15. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies has a 1 year low of $6.01 and a 1 year high of $18.42. The firm has a market capitalization of $16.97 billion, a P/E ratio of 155.17, a PEG ratio of 1.19 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released 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 return on equity of 3.71% and a net margin of 8.38%. During the same quarter last year, the firm earned $0.04 EPS. On average, equities analysts predict that SoFi Technologies will post 0.12 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies 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 completion of the transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,008,870 shares of company stock valued at $416,950,073. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of SoFi Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth approximately $28,000. Waldron Private Wealth LLC bought a new position in SoFi Technologies in the third quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc raised its position in SoFi Technologies by 63.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after purchasing an additional 2,130 shares in the last quarter. 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.