Barclays Keeps Their Hold Rating on SoFi (SOFI)

In a report released today, Terry Ma from Barclays maintained a Hold rating on SoFi, with a price target of $18.00.

Easter Sale - 70% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Ma covers the Financial sector, focusing on stocks such as American Express, SLM, and OneMain Holdings. According to TipRanks, Ma has an average return of 2.7% and a 49.55% success rate on recommended stocks.

In addition to Barclays, SoFi also received a Hold from TipRanks – Anthropic’s Anthropic Financial – Credit Services in a report issued yesterday. However, on April 3, KBW maintained a Sell rating on SoFi (NASDAQ: SOFI).

Based on SoFi’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.34 billion and a net profit of $173.55 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $332.47 million

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOFI in relation to earlier this year. Last month, Anthony Noto, the CEO of SOFI bought 56,000.00 shares for a total of $1,001,280.00.