Intellus Advisors LLC Makes New $1.94 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Intellus Advisors LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 126,222 shares of the company's stock, valued at approximately $1,944,000.

Several other hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies in the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies in the third quarter valued at approximately $28,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC grew its position in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares in the last quarter. Finally, IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies during the 4th quarter worth $38,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 1.3 %

SOFI traded down $0.18 during trading on Tuesday, reaching $13.54. 35,601,110 shares of the company's stock were exchanged, compared to its average volume of 44,572,179. 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 one year low of $6.01 and a one year high of $18.42. The firm has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $13.10. The stock has a market capitalization of $14.85 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

Remove Ads

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the firm earned $0.04 EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares of the company's stock, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,905 shares of company stock valued at $1,308,075. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SOFI shares. 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, December 9th. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, December 19th. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $12.50.

About SoFi Technologies

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.