The Insider Activity Of SoFi Technologies Inc. (SOFI) Is Worth Monitoring

SoFi Technologies Inc. (NASDAQ:SOFI) finished Wednesday with a subtraction of -$0.05 to close at $18.92, a downside of -0.26 percent. An average of 34,913,422 shares of common stock have been traded in the last five days. There was a gain of $2.30 in the past week. The last 20 days have seen an average of 30,884,121 shares traded, while the 50-day average volume stands at 24,821,932.

SOFI stock has increased by 30.48% in the last month. The company shares reached their 1-month lowest point of $14.38 on 09/14/21. Shares of the company touched a low of $10.10 and a high of $28.26 in 52 weeks. In spite of this, the price is down -33.05% from the 52-week high.


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Insider Transactions

31 days have passed since SoFi Technologies Inc. (SOFI) last reported insider trading activity. Wilkes Thomas Clayton, who is Vice Chairman – Galileo, most recently acquired $1,119,413 shares at $15.16 per share on Sep 13. In this transaction, the insider spent $16,970,301. Head of Operations, Heavener Micah, disposed of 6,250 shares at a price of $16.00 on Sep 07. The insider now owns more than $100,000 worth of shares. Prior to that, Head of Operations Heavener Micah went on to Sale 5,000 shares at $14.97 each on Aug 25. An amount of $74,850 was transacted.

Valuation Metrics

SoFi Technologies Inc. (SOFI) has a trailing price-to-earnings (P/E) ratio of 14.40 for the broader industry and 12.72 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 19.04, the price-to-book (PB) ratio at 1.64.

Further, the company has a long term debt to equity ratio of 0.58 and a total debt to equity ratio of 0.58 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 16.40 over the past year.

Earnings Surprise

The analyst consensus anticipated SoFi Technologies Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.48, a -860.00% surprise. At the end of the quarter ending June 29, SoFi Technologies Inc.’s stock balance sheet showed total debt was $2.57 billion. Shareholders own equity worth $794.69 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SoFi Technologies Inc. (SOFI) price momentum. RSI 9-day as of the close on 13 October was 72.86%, suggesting the stock is Overbought, with historical volatility in this time frame at 65.30%.

As of today, SOFI’s price is $17.78 +13.84% or $2.30 from its 5-day moving average. SOFI is currently trading +22.46% higher than its 20-day SMA and +0.75% higher than its 100-day SMA. However, the stock’s current price level is +25.22% above the SMA50 and +49.45% above the SMA200.

The stochastic %K and %D were 95.06% and 80.47%, respectively, and the average true range (ATR) was 0.97. With the 14-day stochastic at 90.27% and the average true range at 0.92, the RSI (14) stands at 67.44%. The stock has reached 1.62 on the 9-day MACD Oscillator while the 14-day reading was at 1.72.

Analyst Ratings

Morgan Stanley launched coverage on SoFi Technologies Inc. (NASDAQ: SOFI) in its analyst report released on October 11, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for SoFi Technologies Inc. (SOFI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SOFI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is SOFI’s price target for the next 12 months?

Analysts predict a range of price targets between $16.50 and $30.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for SoFi Technologies Inc. (SOFI) stock is $24.58.

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