SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 479,495 shares of the company’s stock after acquiring an additional 26,768 shares during the quarter. Janus Henderson Group PLC’s holdings in SoFi Technologies were worth $3,771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Comerica Bank lifted its position in SoFi Technologies by 27.1% during the 1st quarter. Comerica Bank now owns 23,782 shares of the company’s stock worth $174,000 after acquiring an additional 5,071 shares during the period. CWM LLC lifted its position in SoFi Technologies by 21.7% during the 2nd quarter. CWM LLC now owns 51,284 shares of the company’s stock worth $339,000 after acquiring an additional 9,151 shares during the period. QRG Capital Management Inc. lifted its position in SoFi Technologies by 6.0% during the 2nd quarter. QRG Capital Management Inc. now owns 57,098 shares of the company’s stock worth $377,000 after acquiring an additional 3,249 shares during the period. SG Americas Securities LLC lifted its position in SoFi Technologies by 2,263.0% during the 2nd quarter. SG Americas Securities LLC now owns 351,332 shares of the company’s stock worth $2,322,000 after acquiring an additional 336,464 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its position in SoFi Technologies by 8.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 33,771 shares of the company’s stock worth $223,000 after acquiring an additional 2,495 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Down 1.8 %

Shares of NASDAQ SOFI opened at $15.29 on Wednesday. The stock has a market cap of $16.59 billion, a P/E ratio of 152.90, a PEG ratio of 2.66 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 12-month low of $6.01 and a 12-month high of $16.61. The business’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $8.96.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating 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 analysts’ expectations of $631.59 million. During the same period last year, the firm earned ($0.03) earnings per share. SoFi Technologies’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies 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 SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of SoFi Technologies stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total value of $139,630.40. Following the sale, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,960,748 shares of company stock worth $415,523,316. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Bank of America reiterated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday. Mizuho lifted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group lifted their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Barclays lifted their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Three 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.50.

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.