Insider buying: CEO of SoFi Technologies, Inc. (NASDAQ:SOFI) buys 15,000 shares

0

SoFi Technologies, Inc. (NASDAQ: SOFI – Get a rating) CEO Antoine Noto acquired 15,000 shares of the company in a transaction on Friday, March 4. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $149,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink.

Shares of SOFI were down $0.69 in Friday trading, hitting $10.00. 63,214,805 shares of the company were traded, against an average volume of 70,224,367. SoFi Technologies, Inc. has a 12-month low of $8.82 and a 12-month high of $24.95. The stock has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $15.80. The company has a debt ratio of 0.65, a current ratio of 17.58 and a quick ratio of 17.57.

SoFi Technologies (NASDAQ: SOFI – Get a rating) last released its quarterly earnings data on Tuesday, March 1. The company reported ($0.15) EPS for the quarter, beating Thomson Reuters consensus estimate of ($0.16) by $0.01. The company posted revenue of $279.88 million in the quarter, compared to $279.47 million expected by analysts. During the same period of the previous year, the company posted an EPS of ($1.85). The company’s revenue for the quarter increased by 53.8% compared to the same quarter last year. As a group, analysts expect SoFi Technologies, Inc. to post -1.61 EPS for the current year.

(A d)

Investors looking for the most attractive growth opportunities would do well to understand the world’s most powerful megatrends…

As well as the companies best positioned to take advantage of these trends.

These 5 stocks are well positioned to offer strong upside for investors over the next few months.

SOFI has been the subject of a number of recent research reports. Jefferies Financial Group raised its price target on SoFi Technologies shares from $24.00 to $26.00 and gave the company a “buy” rating in a Friday, November 12 research report. Oppenheimer cut his price target on SoFi Technologies shares from $28.00 to $18.00 and set an “outperform” rating for the company in a Wednesday, Feb. 9 research report. Keefe, Bruyette & Woods took over coverage of SoFi Technologies stocks in a research report on Monday, November 29. They set a “market performance” rating and a price target of $21.00 for the company. Rosenblatt Securities cut its price target on SoFi Technologies shares from $25.00 to $22.00 and set a “buy” rating for the company in a Wednesday, Feb. 23 research report. Finally, Morgan Stanley cut its price target on SoFi Technologies shares from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday. Five equity research analysts gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $18.86.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Samson Rock Capital LLP bought a new position in SoFi Technologies in the third quarter worth approximately $1,180,000. Advisor Group Holdings Inc. increased its stake in SoFi Technologies by 110.0% in the third quarter. Advisor Group Holdings Inc. now owns 227,988 shares of the company worth $3,635,000 after acquiring an additional 119,409 shares in the last quarter. Avestar Capital LLC acquired a new position in SoFi Technologies in the third quarter at a value of approximately $1,329,000. Balyasny Asset Management LLC bought a new position in SoFi Technologies in the third quarter worth approximately $12,982,000. Finally, Vigilare Wealth Management increased its position in SoFi Technologies shares by 128.0% during the 3rd quarter. Vigilare Wealth Management now owns 100,935 shares of the company worth $1,603,000 after purchasing an additional 56,662 shares in the last quarter. 50.03% of the shares are held by institutional investors and hedge funds.

SoFi Technologies Company Profile (Get a rating)

SoFi Technologies, Inc provides digital financial services. The Company operates through three reportable segments: 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.

Recommended Stories

Insider buying and selling by quarter for SoFi Technologies (NASDAQ:SOFI)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in SoFi Technologies right now?

Before you consider SoFi Technologies, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and SoFi Technologies didn’t make the list.

While SoFi Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.