SoFi Technologies, Inc. (NASDAQ: SOFI) Given analyst consensus ‘Buy’ rating

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Shares of SoFi Technologies, Inc. (NASDAQ: SOFI) received an average “Buy” recommendation from the nine research companies that currently cover the company, MarketBeat reports. Three research analysts rated the stock with a keep recommendation and six gave the company a buy recommendation. The 12-month average target price among brokers who hedged the stock in the past year is $ 24.25.

A number of research analysts have recently published reports on SOFI stocks. Morgan Stanley lowered its price target on SoFi Technologies shares from $ 24.00 to $ 22.00 and set an “overweight” rating on the stock in a research report on Monday. Jefferies Financial Group raised its price target for SoFi Technologies stock from $ 24.00 to $ 26.00 and gave the stock a “buy” rating in a research report on Friday, November 12. Mizuho raised his price target for SoFi Technologies stock from $ 28.00 to $ 30.00 and gave the stock a “buy” rating in a research report on Monday, November 15. Citigroup began covering shares of SoFi Technologies in a research report on Monday, December 20. They issued a “buy” note and a target price of $ 20.00 on the stock. Finally, Oppenheimer raised its price target for SoFi Technologies shares from $ 23.00 to $ 28.00 and gave the stock an “outperformance” rating in a research report on Thursday, November 11.

Separately, director George Thompson Hutton sold 103,462 shares of SoFi Technologies in a transaction dated Monday, November 29. The shares were sold for an average price of $ 18.52, for a total value of $ 1,916,116.24. The sale was disclosed in a filing with the SEC, accessible through this link. Additionally, Director Iv (Gp) LLC Slta sold 7,361,378 shares of the company in a transaction dated Thursday, November 18. The stock was sold for an average price of $ 21.60, for a total trade of $ 159,05,764.80. Disclosure of this sale can be found here. During the last quarter, insiders sold 17,541,508 shares of the company valued at $ 378,577,910. 35.10% of the shares are currently held by insiders.

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A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Mine & Arao Wealth Creation & Management LLC. acquired a new equity stake in SoFi Technologies during the 2nd quarter valued at $ 27,000. Herold Advisors Inc. acquired a new equity interest in SoFi Technologies during the 3rd quarter valued at $ 31,000. Patriot Financial Group Insurance Agency LLC increased its position in SoFi Technologies shares by 119.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,975 shares of the company valued at $ 31,000 after acquiring 1,075 additional shares in the last quarter. Clearstead Advisors LLC increased its position in SoFi Technologies shares by 250.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,240 shares of the company valued at $ 36,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Wagner Wealth Management LLC acquired a new equity stake in SoFi Technologies during the 2nd quarter for a value of $ 38,000. Hedge funds and other institutional investors hold 46.82% of the company’s shares.

NASDAQ SOFI opened at $ 15.95 on Friday. SoFi Technologies has a 12-month low of $ 11.80 and a 12-month high of $ 28.26. The company has a current ratio of 17.58, a rapid ratio of 17.57 and a debt ratio of 0.65. The company’s fifty-day moving average price is $ 18.32 and its two hundred-day moving average price is $ 17.36.

SoFi Technologies (NASDAQ: SOFI) last released its quarterly earnings data on Wednesday, November 10. The company reported ($ 0.05) EPS for the quarter, beating Zacks’ consensus estimate ($ 0.14) by $ 0.09. The company posted revenue of $ 277.19 million for the quarter, compared to a consensus estimate of $ 263.16 million. Analysts predict SoFi Technologies will post -1.89 EPS for the current year.

About SoFi Technologies

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

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Analyst recommendations for SoFi technologies (NASDAQ: SOFI)

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