<div id="readability-page-1"><p>Zacks Investment Management acquired a new stake in  SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor  acquired 479,180 shares of the company's stock, valued at approximately $3,766,000.</p><div><p><span></span><span>Get <strong>SoFi Technologies</strong> alerts:</span></p></div><ul><li>Home Sales Are Rising, But Who Stands to Benefit the Most?</li></ul><p>Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in  SoFi Technologies during the third quarter worth about $27,000.  Brooklyn Investment Group acquired a new position in shares of  SoFi Technologies in the 3rd quarter worth approximately $28,000.  Allspring Global Investments Holdings LLC boosted its stake in  SoFi Technologies by 55.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company's stock valued at $29,000 after buying an additional 1,543 shares in the last quarter.  GAMMA Investing LLC grew its position in  SoFi Technologies by 65.3% in the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company's stock valued at $33,000 after acquiring an additional 1,981 shares during the period.  Finally, Waldron Private Wealth LLC bought a new stake in  SoFi Technologies in the third quarter valued at $39,000. 38.43% of the stock is owned by institutional investors. </p><h2>Insiders Place Their Bets</h2><p>In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $7.99, for a total value of $74,370.92. Following the sale, the executive vice president now directly owns 161,511 shares in the company, valued at approximately $1,290,472.89. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,960,748 shares of company stock worth $415,523,316. Insiders own  2.60% of the company's stock. </p><h2>Analyst Ratings Changes</h2><ul><li>MarketBeat Week in Review – 10/21- 10/25</li></ul><p>Several brokerages recently issued reports on SOFI. Mizuho lifted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an &#34;outperform&#34; rating in a report on Tuesday, November 19th. Jefferies Financial Group increased their price target on SoFi Technologies from $12.00 to $13.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $7.50 to $8.50 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, October 30th. Barclays increased their target price on SoFi Technologies from $8.00 to $9.00 and gave the stock an &#34;equal weight&#34; rating in a report on Wednesday, October 30th. Finally, Citigroup cut SoFi Technologies from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued  a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and an average price target of $10.36.</p><p><b>View Our Latest Report on SOFI</b></p><h2>SoFi Technologies Trading Up 2.4 %</h2><ul><li>Goldman’s Lost Decade Forecast: These 3 Growth Stocks Can Win</li></ul><p>SOFI opened at $16.02 on Monday. The firm has a 50 day simple moving average of $12.04 and a 200 day simple moving average of $8.84. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $16.61. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 160.22, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. </p><p>SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company had revenue of $697.10 million during the quarter, compared to analysts' expectations of $631.59 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business's revenue for the quarter was up 29.8% compared to the same quarter last year.  On average, sell-side analysts anticipate that  SoFi Technologies, Inc. will post 0.12 earnings per share for the current year. </p><h2>SoFi Technologies Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than SoFi Technologies</li><li>Investing in Travel Stocks Benefits</li><li>Guidewire Software Provides Long-Awaited Buying Opportunity</li><li>Conference Calls and Individual Investors</li><li>What’s Behind These 3 Recent Analyst Stock Upgrades?</li><li>Pros And Cons Of Monthly Dividend Stocks</li><li>Fast-Growing Companies That Are Still Undervalued</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09GSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U09GSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ [Urgent] Starlink Set For The Largest IPO In History? <span><span>(From Paradigm Press)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDY3MQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDY3MQ"/></p><h2>Should you invest $1,000 in SoFi Technologies right now?</h2><p>Before you consider SoFi Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoFi Technologies wasn't on the list.</p><p>While SoFi Technologies currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SOFI

<p>Zacks Investment Management has acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI), purchasing 479,180 shares valued at approximately $3.77 million in the third quarter. Other institutional investors also adjusted their positions in SoFi. Insider trading activity included EVP Kelli Keough selling 9,308 shares, reducing her ownership by 5.45%. Analysts have varied ratings on SoFi, with a consensus rating of "Hold" and an average price target of $6.36. SoFi's stock opened at $5.02, with a market cap of $4.38 billion and a recent earnings report showing a net margin of 8.38%.</p>

Zacks Investment Management Makes New $3.77 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)