Aquatic Capital Management LLC Makes New $26.76 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Aquatic Capital Management LLC purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,737,323 shares of the company's stock, valued at approximately $26,755,000. SoFi Technologies comprises about 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 22nd largest holding. Aquatic Capital Management LLC owned 0.16% of SoFi Technologies at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $27,000. Hollencrest Capital Management bought a new position in SoFi Technologies in 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 valued at $33,000 after buying an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies during the fourth quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of SoFi Technologies by 116.3% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after buying an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 2.5 %

Shares of NASDAQ SOFI traded up $0.32 during mid-day trading on Monday, hitting $13.20. The stock had a trading volume of 94,530,706 shares, compared to its average volume of 46,623,989. The firm has a market cap of $14.47 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The business has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $13.68. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 company earned $0.04 earnings per share. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SOFI shares. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Citizens Jmp initiated coverage on SoFi Technologies in a report on Friday. They issued an "outperform" rating and a $17.00 price target on the stock. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, UBS Group raised their target price 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 assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $13.10.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,172 shares of company stock worth $1,271,115. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Company 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.