SoFi Technologies, Inc. (NASDAQ:SOFI) EVP Acquires $500,004.00 in Stock

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now 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 filing with the Securities & Exchange Commission, which is accessible through this link.

SoFi Technologies Stock Up 3.9 %

Shares of SOFI traded up $0.63 during midday trading on Monday, reaching $16.88. 55,023,493 shares of the company were exchanged, compared to its average volume of 47,611,371. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 165.70, a P/E/G ratio of 2.65 and a beta of 1.77. 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 1-year low of $6.01 and a 1-year high of $17.04. The stock has a 50-day moving average price of $12.83 and a 200-day moving average price of $9.15.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $697.10 million for 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 quarter in the previous year, the firm posted ($0.03) EPS. Research analysts expect that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

SOFI has been the topic of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Barclays raised their price objective on SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Bank of America reissued an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Mizuho raised their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, Citigroup cut shares of SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.50.

Hedge Funds Weigh In On SoFi Technologies

Several large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies in the third quarter worth $28,000. Allspring Global Investments Holdings LLC raised its stake in SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company's stock worth $29,000 after acquiring an additional 1,543 shares during the period. Waldron Private Wealth LLC bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in SoFi Technologies in the 3rd quarter worth about $47,000. Institutional investors own 38.43% of the company's stock.

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.

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