SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Iv (Gp) L.L.C. Slta also recently made the following trade(s):
NASDAQ SOFI traded up $0.44 during trading on Wednesday, reaching $16.32. 40,262,406 shares of the company's stock were exchanged, compared to its average volume of 47,488,414. The company's fifty day simple moving average is $11.55 and its 200-day simple moving average is $8.65. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $16.61. The firm has a market capitalization of $17.71 billion, a PE ratio of 164.12, a P/E/G ratio of 2.65 and a beta of 1.77.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm's quarterly revenue was up 29.8% compared to the same quarter last year. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current year.
SOFI has been the topic of a number of research reports. Mizuho raised their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Citigroup lowered SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. The Goldman Sachs Group upped their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Needham & Company LLC lifted their target price on SoFi Technologies from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.36.
View Our Latest Stock Report on SoFi Technologies
Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in SoFi Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock valued at $48,306,000 after buying an additional 87,097 shares during the period. Citizens Financial Group Inc. RI raised its position in SoFi Technologies by 41.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company's stock valued at $1,892,000 after purchasing an additional 70,603 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SoFi Technologies by 214.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock worth $30,971,000 after buying an additional 2,688,847 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of SoFi Technologies during the 3rd quarter worth $930,000. Finally, Mount Lucas Management LP acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth about $920,000. Institutional investors own 38.43% of the company's stock.
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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