SoFi Technologies Target of Unusually High Options Trading (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) was the target of unusually large options trading activity on Monday. Investors acquired 405,010 call options on the stock. This represents an increase of approximately 40% compared to the typical volume of 288,418 call options.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. This represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in the company. Berkshire Capital Holdings Inc. lifted its stake in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock worth $9,560,000 after acquiring an additional 620,800 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $3,703,000. Hanseatic Management Services Inc. acquired a new stake in SoFi Technologies during the fourth quarter valued at $1,116,000. Kercheville Advisors LLC acquired a new position in SoFi Technologies in the 4th quarter worth about $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in shares of SoFi Technologies by 12.9% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock worth $9,131,000 after purchasing an additional 67,779 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded down $0.84 on Wednesday, hitting $12.43. The company's stock had a trading volume of 49,457,631 shares, compared to its average volume of 46,730,656. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies has a 12 month low of $6.01 and a 12 month high of $18.42. The stock's 50-day moving average is $12.09 and its two-hundred day moving average is $13.70.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company's quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 EPS. On average, equities research analysts forecast that SoFi Technologies will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SOFI. UBS Group increased their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday. William Blair restated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. JMP Securities began coverage on 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. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.20.

About SoFi Technologies

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.