By otakuyassine3@gmail.com 
SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at $753,355.70. This represents a 197.36 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
SoFi Technologies Stock Performance
SOFI traded up $0.63 during trading on Monday, reaching $16.88. 55,023,493 shares of the company’s stock were exchanged, compared to its average volume of 47,611,371. The company has a market capitalization of $18.32 billion, a P/E ratio of 165.70, a PEG ratio of 2.65 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $12.83 and a 200 day moving average price of $9.15. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.04.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SOFI shares. The Goldman Sachs Group raised their price objective on SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Mizuho increased their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Bank of America reissued an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average target price of $10.50.
View Our Latest Stock Report on SoFi Technologies
Institutional Investors Weigh In On SoFi Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of SOFI. Dimensional Fund Advisors LP raised its holdings in shares of SoFi Technologies by 263.3% in the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock valued at $86,478,000 after buying an additional 9,482,683 shares during the last quarter. Marshall Wace LLP increased its position in SoFi Technologies by 130.0% in the 2nd quarter. Marshall Wace LLP now owns 6,357,887 shares of the company’s stock valued at $42,026,000 after acquiring an additional 3,593,464 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SoFi Technologies by 214.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after acquiring an additional 2,688,847 shares during the last quarter. Mizuho Markets Americas LLC lifted its position in shares of SoFi Technologies by 403.4% during the second quarter. Mizuho Markets Americas LLC now owns 3,045,737 shares of the company’s stock worth $20,132,000 after purchasing an additional 2,440,745 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of SoFi Technologies during the third quarter valued at approximately $16,014,000. 38.43% of the stock is owned by institutional investors and hedge funds.
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.
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