SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $14.00

SoFi Technologies (NASDAQ:SOFI) had its price target lifted by investment analysts at UBS Group from $10.50 to $14.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential downside of 10.47% from the stock’s current price.

SOFI has been the topic of several other research reports. Needham & Company LLC boosted their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a report on Friday. The Goldman Sachs Group raised their price target on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.42.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $15.64 on Tuesday. The stock has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $11.15. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a market capitalization of $16.97 billion, a PE ratio of 155.17, a P/E/G ratio of 1.19 and a beta of 1.78. 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 (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. During the same period last year, the firm posted $0.04 earnings per share. Analysts expect that SoFi Technologies will post 0.12 EPS for the current year.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock worth $416,950,073 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC grew 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 valued at $33,000 after acquiring an additional 1,905 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in SoFi Technologies in the third quarter worth $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the 3rd quarter valued at $28,000. Waldron Private Wealth LLC purchased a new stake in shares of SoFi Technologies during the 3rd quarter valued at $39,000. Finally, AdvisorNet Financial Inc raised its stake in shares of SoFi Technologies by 63.5% during 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 during the period. 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.