SoFi Technologies (NASDAQ:SOFI) Given a $26.00 Price Target by Mizuho Analysts

SoFi Technologies (NASDAQ:SOFI) has been given a $26.00 price objective by equities research analysts at Mizuho in a report issued on Thursday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 22.47% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of SoFi Technologies from $9.00 to $13.00 and gave the stock an “underperform” rating in a research report on Thursday, July 10th. Barclays boosted their target price on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday. Needham & Company LLC increased their price target on SoFi Technologies from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens began coverage on SoFi Technologies in a research report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on SoFi Technologies in a research report on Monday, July 14th. They set a “neutral” rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.06.

SoFi Technologies Stock Down 6.0%

Shares of SOFI opened at $21.23 on Thursday. The stock’s 50-day moving average price is $17.59 and its two-hundred day moving average price is $14.87. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $25.11. The company has a market capitalization of $23.47 billion, a PE ratio of 44.23, a PEG ratio of 2.68 and a beta of 1.92. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.51% and a net margin of 18.38%. The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. On average, analysts anticipate that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 10,267 shares of SoFi Technologies stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the transaction, the executive vice president directly owned 245,200 shares in the company, valued at $5,345,360. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the sale, the director directly owned 289,258 shares of the company’s stock, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,181 shares of company stock valued at $4,043,240. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SoFi Technologies

Several large investors have recently added to or reduced their stakes in the business. Drive Wealth Management LLC raised its stake in shares of SoFi Technologies by 1.4% in the second quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock worth $738,000 after purchasing an additional 563 shares during the last quarter. Elequin Capital LP grew its holdings in SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company’s stock worth $42,000 after buying an additional 631 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in SoFi Technologies by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company’s stock worth $881,000 after buying an additional 685 shares in the last quarter. USAdvisors Wealth Management LLC raised its position in SoFi Technologies by 4.5% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock valued at $295,000 after buying an additional 700 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in SoFi Technologies by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 122,128 shares of the company’s stock valued at $2,224,000 after acquiring an additional 798 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.