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

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

Wall Street Analyst Weigh In

Several analysts have weighed in on SOFI shares. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, Mizuho raised their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Price Performance

The business’s fifty day moving average price is $15.84 and its 200 day moving average price is $11.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market cap of $17.12 billion, a P/E ratio of 42.65, a PEG ratio of 2.15 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 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 business posted $0.04 earnings per share. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred 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 sale, the executive vice president now directly owns 187,725 shares in the company, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock valued at $416,950,073 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of SoFi Technologies

Several institutional investors have recently modified their holdings of SOFI. Global Retirement Partners LLC raised its position in SoFi Technologies by 6.4% during the 4th quarter. Global Retirement Partners LLC now owns 49,586 shares of the company’s stock worth $764,000 after purchasing an additional 2,984 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of SoFi Technologies during the fourth quarter worth about $196,000. Venturi Wealth Management LLC lifted its stake in shares of SoFi Technologies by 826.0% in the fourth quarter. Venturi Wealth Management LLC now owns 13,011 shares of the company’s stock worth $200,000 after acquiring an additional 11,606 shares during the period. D.A. Davidson & CO. boosted its holdings in SoFi Technologies by 24.3% in the fourth quarter. D.A. Davidson & CO. now owns 109,008 shares of the company’s stock valued at $1,679,000 after acquiring an additional 21,344 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in SoFi Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 29,997 shares of the company’s stock valued at $462,000 after purchasing an additional 1,588 shares during the period. Institutional investors own 38.43% of the company’s stock.

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.