On March 10, 2023 at 11:39:58 ET an unusually large $197.42K block of Put contracts in SoFi Technologies (SOFI) was sold, with a strike price of $6.50 / share, expiring in 7 days (on March 17, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.59 sigmas above the mean, placing it in the 99.97 percentile of all recent large trades made in SOFI options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 27.01% Upside
As of March 9, 2023, the average one-year price target for SoFi Technologies is $7.73. The forecasts range from a low of $5.05 to a high of $10.50. The average price target represents an increase of 27.01% from its latest reported closing price of $6.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SoFi Technologies is $2,083MM, an increase of 37.11%. The projected annual non-GAAP EPS is -$0.26.
What is the Fund Sentiment?
There are 680 funds or institutions reporting positions in SoFi Technologies. This is an increase of 23 owner(s) or 3.50% in the last quarter. Average portfolio weight of all funds dedicated to SOFI is 0.19%, a decrease of 17.83%. Total shares owned by institutions increased in the last three months by 5.27% to 349,317K shares. The put/call ratio of SOFI is 0.62, indicating a bullish outlook.
What are Large Shareholders Doing?
Silver Lake Group, L.L.C. holds 31,154K shares representing 3.33% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 22,473K shares representing 2.40% ownership of the company. In it’s prior filing, the firm reported owning 21,969K shares, representing an increase of 2.24%. The firm decreased its portfolio allocation in SOFI by 10.76% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 19,125K shares representing 2.05% ownership of the company. In it’s prior filing, the firm reported owning 18,737K shares, representing an increase of 2.03%. The firm decreased its portfolio allocation in SOFI by 10.73% over the last quarter.
Citadel Advisors holds 15,567K shares representing 1.67% ownership of the company. In it’s prior filing, the firm reported owning 6,333K shares, representing an increase of 59.32%. The firm increased its portfolio allocation in SOFI by 137.99% over the last quarter.
Geode Capital Management holds 11,567K shares representing 1.24% ownership of the company. In it’s prior filing, the firm reported owning 10,978K shares, representing an increase of 5.10%. The firm decreased its portfolio allocation in SOFI by 7.91% over the last quarter.
SoFi Technologies Background Information
(This description is provided by the company.)
SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing. SoFi Technologies serves customers in the United States.
This article originally appeared on Fintel
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