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Analysts set target price for SoFi Technologies, Inc. (NASDAQ:SOFI) at $15.88

SoFi Technologies, Inc. (NASDAQ: SOFIGet a rating) has been given an average rating of “Hold” by the fourteen brokerages that currently cover the company, market beat reports. Six research analysts gave the stock a hold rating and five gave the company a buy rating. The average 1-year price target among brokerages that updated their coverage on the stock in the last year is $15.88.

Several research analysts have recently published reports on SOFI shares. Rosenblatt Securities lowered its price target on SoFi Technologies from $25.00 to $22.00 and set a “buy” rating on the stock in a Wednesday, Feb. 23 research note. Citigroup reduced its price target on SoFi Technologies from $20.00 to $17.00 in a Friday, April 8 research note. Morgan Stanley downgraded SoFi Technologies from an “overweight” rating to an “equally weighted” rating and lowered its price target for the company from $18.00 to $10.00 in a Wednesday, March 16 report. Wedbush lowered its price target on SoFi Technologies shares from $20.00 to $15.00 in a Thursday, April 7 report. Finally, Mizuho cut its price target on SoFi Technologies shares from $17.00 to $14.00 and set a “buy” rating for the company in a Thursday, April 7 report.

Shares of SOFI opened at $7.48 on Friday. The company has a fifty-day moving average price of $10.16 and a 200-day moving average price of $14.61. The company has a debt ratio of 0.90, a current ratio of 22.93 and a quick ratio of 22.93. SoFi Technologies has a 12-month low of $7.37 and a 12-month high of $24.95.

Sofi Technologies (NASDAQ: SOFIGet a rating) last reported quarterly earnings data on Tuesday, March 1. The company reported ($0.15) earnings per share for the quarter, beating analyst consensus estimates of ($0.16) by $0.01. The company posted revenue of $279.88 million for the quarter, versus a consensus estimate of $279.47 million. The company’s quarterly revenue increased by 53.8% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of ($1.85). On average, sell-side analysts expect SoFi Technologies to post -0.4 earnings per share for the current fiscal year.

In related news, CEO Antoine Noto acquired 15,000 shares of the company in a transaction dated Friday, March 4. The shares were purchased at an average cost of $9.96 per share, with a total value of $149,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, insider Micah Heavener sold 5,000 shares of the company in a trade on Thursday, March 17. The stock was sold at an average price of $8.01, for a total value of $40,050.00. Disclosure of this sale can be found here. Insiders acquired 97,640 shares of the company worth $871,799 over the past ninety days. Company insiders hold 35.10% of the company’s stock.

Several large investors have recently changed their positions in the company. Advisor Group Holdings Inc. increased its position in SoFi Technologies by 110.0% in the third quarter. Advisor Group Holdings Inc. now owns 227,988 shares of the company valued at $3,635,000 after purchasing an additional 119,409 shares in the last quarter. Avestar Capital LLC bought a new stake in shares of SoFi Technologies in Q3 worth $1,329,000. Balyasny Asset Management LLC acquired a new stake in shares of SoFi Technologies in the third quarter at a value of $12,982,000. CAPROCK Group Inc. increased its equity stake in SoFi Technologies by 324.0% during the fourth quarter. CAPROCK Group Inc. now owns 295,207 shares of the company worth $4,667,000 after purchasing an additional 225,579 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in SoFi Technologies during the fourth quarter worth $79,000. Hedge funds and other institutional investors own 50.03% of the company’s shares.

SoFi Technologies Company Profile (Get a rating)

SoFi Technologies, Inc provides digital financial services. It operates through three segments: lending, technology platform and financial services. The society’s lending and financial services and products allow its members to borrow, save, spend, invest and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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