SoFi Technologies, Inc. (NASDAQ: SOFI – Get a rating) CEO Antoine Noto bought 21,750 shares of the company in a transaction on Monday, June 6. The shares were purchased at an average cost of $6.90 per share, with a total value of $150,075.00. Following the completion of the purchase, the CEO now directly owns 3,369,014 shares of the company, valued at $23,246,196.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink.
Anthony Noto also recently made the following trade(s):
- On Tuesday, May 24, Anthony Noto purchased 37,056 SoFi Technologies shares. The stock was purchased at an average cost of $6.72 per share, with a total value of $249,016.32.
- On Thursday, May 19, Anthony Noto purchased 13,500 SoFi Technologies shares. The stock was purchased at an average cost of $7.79 per share, with a total value of $105,165.00.
- On Wednesday March 16, Anthony Noto acquired 17,375 SoFi Technologies shares. The shares were acquired at an average cost of $8.62 per share, with a total value of $149,772.50.
- On Monday March 14, Anthony Noto acquired 19,042 SoFi Technologies shares. The shares were acquired at an average cost of $7.85 per share, with a total value of $149,479.70.
- On Thursday, March 10, Anthony Noto purchased 15,873 SoFi Technologies shares. The shares were purchased at an average price of $9.44 per share, with a total value of $149,841.12.
SOFI lost $0.12 during Monday’s trading, hitting $6.86. 39,339,480 shares were traded, against an average volume of 59,021,398. SoFi Technologies, Inc. has a 1-year low of $4.82 and a 1-year high of $24.65. The stock has a fifty-day moving average price of $7.32 and a two-hundred-day moving average price of $11.08. The company has a current ratio of 5.60, a quick ratio of 5.60 and a debt ratio of 0.94.
SoFi Technologies (NASDAQ: SOFI – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The company posted revenue of $321.70 million for the quarter, versus analyst estimates of $283.99 million. SoFi Technologies posted a negative return on equity of 9.24% and a negative net margin of 36.32%. The company’s revenue for the quarter increased 48.9% year over year. On average, research analysts predict SoFi Technologies, Inc. will post -0.45 EPS for the current year.
A number of stock analysts have recently commented on the company. Oppenheimer lowered his price target on SoFi Technologies from $18.00 to $13.00 and set an “outperform” rating for the company in a Thursday, April 7 report. Rosenblatt Securities lowered its price target on SoFi Technologies from $25.00 to $22.00 and set a “buy” rating for the company in a Wednesday, Feb. 23 research note. Zacks Investment Research upgraded SoFi Technologies from a “hold” to a “sell” rating in a Wednesday, May 4 research note. Wedbush lowered its price target on SoFi Technologies from $20.00 to $15.00 in a Thursday, April 7 research note. Finally, Moffett Nathanson threw some coverage on SoFi Technologies in a research report on Tuesday, April 5. They set a “buy” rating and a target price of $13.00 on the stock. One research analyst rated the stock with a sell rating, five issued a hold rating and seven gave the company’s stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.04.
A number of institutional investors and hedge funds have recently increased or reduced their stake in SOFI. Ancora Advisors LLC increased its equity stake in SoFi Technologies by 24.0% in the third quarter. Ancora Advisors LLC now owns 3,100 shares of the company valued at $49,000 after purchasing an additional 600 shares during the period. Tuttle Capital Management LLC increased its equity stake in SoFi Technologies by 6.3% in the fourth quarter. Tuttle Capital Management LLC now owns 12,901 shares of the company valued at $204,000 after purchasing an additional 759 shares during the period. TimeScale Financial Inc. increased its equity stake in SoFi Technologies by 81.5% in the fourth quarter. TimeScale Financial Inc. now owns 2,319 shares of the company valued at $37,000 after purchasing an additional 1,041 shares during the period. Patriot Financial Group Insurance Agency LLC increased its equity stake in SoFi Technologies by 119.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,975 shares of the company valued at $31,000 after purchasing an additional 1,075 shares during the period. Finally, Great Valley Advisor Group Inc. increased its equity stake in SoFi Technologies by 6.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 19,684 shares of the company valued at $311,000 after purchasing an additional 1,252 shares during the period. 56.45% of the shares are currently held by institutional investors.
SoFi Technologies Company Profile (Get a rating)
SoFi Technologies, Inc provides digital financial services. It operates through three segments: lending, technology platform and financial services. The society’s lending and financial services and products allow its members to borrow, save, spend, invest and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
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