Jefferies Financial Group Inc. Sells 44,529 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Jefferies Financial Group Inc. lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 58.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,040 shares of the company's stock after selling 44,529 shares during the period. Jefferies Financial Group Inc.'s holdings in SoFi Technologies were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOFI. Two Sigma Advisers LP bought a new position in shares of SoFi Technologies during the 4th quarter valued at $299,980,000. Voloridge Investment Management LLC acquired a new position in SoFi Technologies during the fourth quarter worth $75,139,000. First Trust Advisors LP increased its position in SoFi Technologies by 583.6% during the fourth quarter. First Trust Advisors LP now owns 2,686,667 shares of the company's stock worth $41,375,000 after buying an additional 2,293,622 shares during the last quarter. Aquatic Capital Management LLC bought a new position in SoFi Technologies during the fourth quarter valued at about $26,755,000. Finally, Northern Trust Corp lifted its position in shares of SoFi Technologies by 22.7% in the fourth quarter. Northern Trust Corp now owns 6,052,301 shares of the company's stock worth $93,205,000 after buying an additional 1,121,550 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $22.08 on Friday. SoFi Technologies, Inc. has a 12 month low of $6.41 and a 12 month high of $25.11. The company has a market capitalization of $24.41 billion, a P/E ratio of 46.00, a P/E/G ratio of 2.66 and a beta of 1.93. The stock has a 50 day moving average of $18.27 and a two-hundred day moving average of $15.02. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.51% and a net margin of 18.38%. The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same period in the prior year, the company posted $0.01 earnings per share. SoFi Technologies's revenue was up 42.8% on a year-over-year basis. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JMP Securities reissued a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. Mizuho set a $26.00 price target on SoFi Technologies and gave the company an "outperform" rating in a report on Thursday, July 31st. Keefe, Bruyette & Woods boosted their price objective on shares of SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 target price (up from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. Finally, Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a "neutral" rating and a $20.50 target price on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.29.

Insider Activity

In other news, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the sale, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the sale, the chief technology officer directly owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,181 shares of company stock worth $4,043,240. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Company 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.

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