Sciencast Management LP Takes $493,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Sciencast Management LP acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,026 shares of the company's stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies during the 4th quarter worth $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies in the fourth quarter worth about $31,000. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after acquiring an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $38,000. Finally, Brooklyn Investment Group bought a new position in shares of SoFi Technologies during the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SOFI shares. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Needham & Company LLC increased their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Bank of America reiterated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, William Blair restated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.50.

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Insider Activity

In other news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction dated 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 directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the business'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 completion of the sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Price Performance

Shares of SOFI stock traded down $0.21 on Tuesday, reaching $13.52. The company's stock had a trading volume of 16,106,233 shares, compared to its average volume of 44,572,179. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The stock's 50 day simple moving average is $14.66 and its 200-day simple moving average is $13.10. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $14.82 billion, a P/E ratio of 36.58, a PEG ratio of 2.24 and a beta of 1.79.

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

SoFi Technologies 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.