SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) CEO Anthony Noto purchased 28,775 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $6.90 per share, with a total value of $198,547.50. Following the completion of the acquisition, the chief executive officer now directly owns 8,033,369 shares of the company's stock, valued at $55,430,246.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
SoFi Technologies Trading Up 2.9 %
Shares of SOFI traded up $0.20 during trading hours on Monday, hitting $7.16. The company had a trading volume of 49,663,892 shares, compared to its average volume of 54,291,371. The firm has a market cap of $6.99 billion, a P/E ratio of -23.03 and a beta of 1.75. The stock's 50 day moving average price is $7.51 and its 200 day moving average price is $7.85. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. SoFi Technologies, Inc. has a 52-week low of $4.45 and a 52-week high of $11.70.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. SoFi Technologies had a positive return on equity of 1.13% and a negative net margin of 8.21%. The firm had revenue of $580.60 million for the quarter, compared to the consensus estimate of $555.27 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company's quarterly revenue was up 26.2% on a year-over-year basis. On average, research analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of SoFi Technologies in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods raised SoFi Technologies from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $6.50 to $7.50 in a research note on Friday, April 5th. Mizuho dropped their price objective on SoFi Technologies from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, January 18th. Citigroup started coverage on SoFi Technologies in a research report on Monday, April 8th. They set a "buy" rating and a $11.00 price target on the stock. Finally, Wedbush restated an "underperform" rating and set a $3.00 price target on shares of SoFi Technologies in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, SoFi Technologies has a consensus rating of "Hold" and an average target price of $9.08.
Get Our Latest Analysis on SOFI
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SOFI. GAMMA Investing LLC bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $27,000. Westside Investment Management Inc. boosted its position in SoFi Technologies by 93.8% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company's stock valued at $31,000 after acquiring an additional 1,500 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $39,000. Vermillion & White Wealth Management Group LLC bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $40,000. Finally, Jones Financial Companies Lllp bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 38.43% of the company's stock.
About SoFi Technologies
(
Get Free Report)
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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