SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report) CEO Anthony Noto bought 28,775 shares of SoFi Technologies stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $6.90 per share, for a total transaction of $198,547.50. Following the purchase, the chief executive officer now directly owns 8,033,369 shares in the company, valued at approximately $55,430,246.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
SoFi Technologies Stock Performance
Shares of NASDAQ SOFI opened at $7.16 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $7.85. SoFi Technologies, Inc. has a 12 month low of $4.45 and a 12 month high of $11.70. The company has a market capitalization of $6.99 billion, a P/E ratio of -23.03 and a beta of 1.75.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Monday, April 29th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. SoFi Technologies had a negative net margin of 8.21% and a positive return on equity of 1.13%. The company had revenue of $580.60 million during the quarter, compared to analysts’ expectations of $555.27 million. During the same quarter last year, the company posted ($0.05) EPS. SoFi Technologies’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current year.
Wall Street Analyst Weigh In
Get Our Latest Research Report on SOFI
Institutional Investors Weigh In On SoFi Technologies
A number of institutional investors have recently made changes to their positions in SOFI. SG Americas Securities LLC lifted its holdings in SoFi Technologies by 23.5% during the 3rd quarter. SG Americas Securities LLC now owns 34,436 shares of the company’s stock worth $275,000 after purchasing an additional 6,548 shares during the last quarter. Simplicity Solutions LLC boosted its position in shares of SoFi Technologies by 42.1% in the third quarter. Simplicity Solutions LLC now owns 17,385 shares of the company’s stock valued at $139,000 after acquiring an additional 5,147 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of SoFi Technologies by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,075,755 shares of the company’s stock valued at $8,595,000 after acquiring an additional 123,289 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in SoFi Technologies by 102.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 495,839 shares of the company’s stock worth $3,962,000 after acquiring an additional 250,854 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in SoFi Technologies by 79.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 74,339 shares of the company’s stock worth $594,000 after purchasing an additional 32,861 shares in the last quarter. 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.
Featured Stories
- Five stocks we like better than SoFi Technologies
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- 3 Fintech Stocks With Good 2021 Prospects
- 3 Value Stocks You Can Buy Before They Become Big
- How to Start Investing in Real Estate
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for SoFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.