SoFi Technologies (NASDAQ:SOFI) PT Lowered to $7.50 – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
SoFi Technologies (NASDAQ:SOFI – Get Rating) had its target price decreased by research analysts at Piper Sandler from $8.50 to $7.50 in a research report issued to clients and investors on Thursday, The Fly reports. Piper Sandler’s price objective indicates a potential upside of 59.57% from the company’s current price.
SOFI has been the topic of a number of other reports. Wedbush reduced their target price on shares of SoFi Technologies from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 23rd. The Goldman Sachs Group reduced their target price on shares of SoFi Technologies from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 2nd. Morgan Stanley reduced their target price on shares of SoFi Technologies from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 1st. Mizuho reduced their target price on shares of SoFi Technologies from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 23rd. Finally, Bank Of America (Bofa) upgraded shares of SoFi Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $8.00 to $9.00 in a research note on Wednesday, September 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.
SoFi Technologies Stock Up 6.1 %
Shares of SoFi Technologies stock opened at $4.70 on Thursday. The company’s fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $5.82. The company has a market cap of $4.36 billion, a P/E ratio of -9.40 and a beta of 1.42. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.88. SoFi Technologies has a 12-month low of $4.24 and a 12-month high of $16.49.
Insider Buying and Selling at SoFi Technologies
In related news, CEO Anthony Noto bought 682,500 shares of the stock in a transaction on Friday, December 9th. The shares were acquired at an average price of $4.36 per share, for a total transaction of $2,975,700.00. Following the purchase, the chief executive officer now owns 4,636,186 shares of the company’s stock, valued at $20,213,770.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 13.00% of the company’s stock.
Hedge Funds Weigh In On SoFi Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its stake in SoFi Technologies by 197.0% during the 1st quarter. US Bancorp DE now owns 3,015 shares of the company’s stock valued at $28,000 after acquiring an additional 2,000 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of SoFi Technologies by 1,372.5% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,269 shares of the company’s stock worth $31,000 after purchasing an additional 3,047 shares during the period. Advisors Asset Management Inc. bought a new position in shares of SoFi Technologies in the 1st quarter worth approximately $36,000. NewSquare Capital LLC lifted its stake in shares of SoFi Technologies by 233.3% in the 2nd quarter. NewSquare Capital LLC now owns 5,000 shares of the company’s stock worth $26,000 after purchasing an additional 3,500 shares during the period. Finally, TimeScale Financial Inc. lifted its stake in shares of SoFi Technologies by 75.1% in the 2nd quarter. TimeScale Financial Inc. now owns 5,380 shares of the company’s stock worth $28,000 after purchasing an additional 2,308 shares during the period. Institutional investors own 38.19% of the company’s stock.
SoFi Technologies Company Profile
(Get Rating)
SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows 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.
Read More
- Get a free copy of the StockNews.com research report on SoFi Technologies (SOFI)
- Is Enterprise Products Partners Fairly Valued?
- Will WhatsApp Partnership Boost MercadoLibre’s Earnings?
- 3 Mid-Caps That Could Double in 2023
- Mullen Automotive Shares Jump After Signing New Partner
- REV Group Leads Specialty Vehicle Manufacturers Higher
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SoFi Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SoFi Technologies wasn’t on the list.
While SoFi Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.