SoFi Technologies, Inc. (NASDAQ:SOFI) Director Iv (Gp) L.L.C. Slta Sells 1,758,553 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares of the company’s stock, valued at $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Iv (Gp) L.L.C. Slta also recently made the following trade(s):

• On Wednesday, December 4th, Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24.

SoFi Technologies Trading Up 2.8 %

Shares of SOFI opened at $16.32 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average is $11.55 and its two-hundred day moving average is $8.65. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $16.61. The firm has a market capitalization of $17.71 billion, a P/E ratio of 163.22, a PEG ratio of 2.64 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, research analysts predict that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Mizuho boosted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group boosted their price target on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus target price of $10.36.

Institutional Trading of SoFi Technologies

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its stake in shares of SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after buying an additional 1,543 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $39,000. Finally, GAMMA Investing LLC lifted its stake in shares of SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock valued at $33,000 after buying an additional 1,981 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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.