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.
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.
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