SoFi Technologies (NASDAQ:SOFI) Trading 0.1% Higher

SoFi Technologies, Inc. (NASDAQ:SOFI) traded up 0.1% on Monday . The company traded as high as $7.41 and last traded at $7.34. 9,683,311 shares were traded during trading, a decline of 82% from the average session volume of 53,724,715 shares. The stock had previously closed at $7.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SoFi Technologies in a research report on Wednesday, January 10th. They set a “hold” rating and a $11.00 price target on the stock. Keefe, Bruyette & Woods raised shares of SoFi Technologies from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $6.50 to $7.50 in a research report on Friday, April 5th. Citigroup assumed coverage on shares of SoFi Technologies in a research report on Monday, April 8th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Mizuho reduced their price target on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.08.

SoFi Technologies Trading Up 1.1 %

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.23. The firm’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $7.92.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The firm had revenue of $615.40 million for the quarter, compared to analyst estimates of $572.02 million. During the same period in the previous year, the business earned ($0.05) EPS. The company’s revenue was up 34.7% compared to the same quarter last year. Research analysts expect that SoFi Technologies, Inc. will post 0.08 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the completion of the sale, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds have recently made changes to their positions in the business. KRS Capital Management LLC bought a new stake in SoFi Technologies in the 1st quarter valued at $83,000. Calton & Associates Inc. increased its holdings in shares of SoFi Technologies by 16.3% in the first quarter. Calton & Associates Inc. now owns 27,350 shares of the company’s stock valued at $200,000 after purchasing an additional 3,830 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of SoFi Technologies by 53.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 26,666 shares of the company’s stock valued at $195,000 after purchasing an additional 9,283 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of SoFi Technologies during the 1st quarter worth about $37,000. Finally, Capital Advisors Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 3.2% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 102,513 shares of the company’s stock worth $748,000 after buying an additional 3,150 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

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.