SoFi Technologies, Inc. (NASDAQ: SOFI) insider Aaron Webster bought 1,000 shares of the company in a trade dated Friday, December 10. The shares were purchased at an average price of $ 14.90 per share, for a total value of $ 14,900.00. The transaction has been disclosed in a legal file with the SEC, which can be accessed through the SEC website.
Actions of SOFI traded at $ 0.43 during Monday’s session, reaching $ 14.58. The company’s shares traded 40,382,109 shares, compared to an average volume of 16,406,648. The company’s fifty-day moving average price is $ 19.35. SoFi Technologies, Inc. has a twelve month low of $ 10.81 and a twelve month high of $ 28.26. The company has a rapid ratio of 17.57, a current ratio of 17.58 and a debt ratio of 0.65.
SoFi Technologies (NASDAQ: SOFI) last reported its results on Wednesday, November 10. The company reported ($ 0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($ 0.14) by $ 0.09. The company posted revenue of $ 277.19 million in the quarter, compared to analysts’ estimates of $ 263.16 million. On average, stock analysts expect SoFi Technologies, Inc. to post earnings per share of -1.89 for the current fiscal year.
A number of brokerage firms have recently published reports on SOFI. Credit Suisse Group raised its price target for SoFi Technologies from $ 16.50 to $ 19.00 and rated the stock “neutral” in a report released on Wednesday, November 17. Oppenheimer raised its price target on SoFi Technologies from $ 23.00 to $ 28.00 and rated the stock as “outperforming” in a report released Thursday, November 11. Keefe, Bruyette & Woods launched coverage on SoFi Technologies in a report on Monday, November 29. They issued a âmarket performanceâ rating and a price target of $ 21.00 for the company. Zacks investment research downgraded SoFi Technologies from a âsellâ rating to a âconservationâ rating in a report released Wednesday, November 24. Finally, Jefferies Financial Group raised its price target on SoFi Technologies from $ 24.00 to $ 26.00 and gave the stock a “buy” rating in a report released on Friday, November 12. Three investment analysts rated the stock with a conservation rating and five gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $ 25.57.
Several institutional investors and hedge funds have recently changed their positions in SOFI. Mine & Arao Wealth Creation & Management LLC. acquired a new position in SoFi Technologies shares in the second quarter valued at approximately $ 27,000. Baldwin Brothers Inc. MA acquired a new position in SoFi Technologies shares in the second quarter valued at approximately $ 29,000. Herold Advisors Inc. acquired a new equity interest in SoFi Technologies during the third quarter for a value of approximately $ 31,000. Patriot Financial Group Insurance Agency LLC increased its position in SoFi Technologies shares by 119.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,975 shares of the company valued at $ 31,000 after acquiring 1,075 additional shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in SoFi Technologies shares by 250.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,240 shares of the company valued at $ 36,000 after acquiring an additional 1,600 shares in the last quarter. 46.82% of the shares are currently held by institutional investors.
About SoFi Technologies
SoFi Technologies, Inc provides digital financial services. The company operates in three segments to present: lending, financial services and technology platform. Its financial services allow its members to borrow, save, spend, invest and protect their money. The company offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
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