Jefferies Financial Group Inc. Purchases Shares of 75,569 SoFi Technologies, Inc. (NASDAQ:SOFI)

Jefferies Financial Group Inc. bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 75,569 shares of the company's stock, valued at approximately $1,164,000.

Several other institutional investors have also added to or reduced their stakes in SOFI. Elequin Capital LP boosted its stake in shares of SoFi Technologies by 30.1% during the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after acquiring an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of SoFi Technologies by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after acquiring an additional 685 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in SoFi Technologies by 13.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock valued at $128,000 after purchasing an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of SoFi Technologies by 33.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after acquiring an additional 1,100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its holdings in SoFi Technologies by 33.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock worth $87,000 after buying an additional 1,400 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Up 0.2%

Shares of SOFI traded up $0.02 on Friday, hitting $13.19. 60,624,723 shares of the stock traded hands, compared to its average volume of 48,521,200. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The business has a 50 day simple moving average of $12.21 and a 200 day simple moving average of $14.02. The company has a market capitalization of $14.58 billion, a PE ratio of 35.65, a P/E/G ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now owns 215,029 shares of the company's stock, valued at approximately $2,302,960.59. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,507 shares of company stock valued at $1,283,528. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Barclays boosted their price objective on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. JMP Securities assumed coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of SoFi Technologies in a research note on Wednesday, April 30th. Finally, Citizens Jmp started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.