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

Jefferies Financial Group Inc. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 75,569 shares of the company's stock, valued at approximately $1,164,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOFI. Two Sigma Advisers LP purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $299,980,000. Vanguard Group Inc. lifted its position in shares of SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after acquiring an additional 8,898,879 shares in the last quarter. Norges Bank purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $103,678,000. Voloridge Investment Management LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter worth $75,139,000. Finally, Amundi raised its position in shares of SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company's stock worth $39,360,000 after buying an additional 2,700,543 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of recent analyst reports. Citizens Jmp initiated coverage on SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective on the stock. UBS Group increased their price objective on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. JMP Securities assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average price target of $14.38.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 11,520 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $13.38, for a total value of $154,137.60. Following the transaction, the executive vice president now owns 203,509 shares of the company's stock, valued at $2,722,950.42. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,507 shares of company stock worth $1,283,528. 2.60% of the stock is owned by insiders.

SoFi Technologies Trading Up 0.2%

Shares of NASDAQ:SOFI traded up $0.02 on Friday, reaching $13.19. 60,624,723 shares of the company traded hands, compared to its average volume of 48,334,227. The business's 50-day simple moving average is $12.22 and its 200 day simple moving average is $14.02. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a market capitalization of $14.58 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

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

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.