L & S Advisors Inc Purchases Shares of 522,312 SoFi Technologies, Inc. (NASDAQ:SOFI)

L & S Advisors Inc acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 522,312 shares of the company's stock, valued at approximately $8,044,000.

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

Analyst Ratings Changes

Several research analysts recently weighed in on SOFI shares. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, UBS Group raised their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.50.

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Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $1,308,075 over the last quarter. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Trading Down 1.9 %

SoFi Technologies stock traded down $0.22 during mid-day trading on Monday, hitting $11.63. 62,435,560 shares of the company's stock were exchanged, compared to its average volume of 45,028,439. The company's 50 day simple moving average is $14.42 and its 200-day simple moving average is $13.25. 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 firm has a market capitalization of $12.75 billion, a P/E ratio of 31.43, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter last year, the company earned $0.04 EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current 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.