AXQ Capital LP Invests $457,000 in SoFi Technologies, Inc. (NASDAQ:SOFI)

AXQ Capital LP purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,643 shares of the company's stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SoFi Technologies during the fourth quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $28,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC raised its holdings in shares of 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 purchasing an additional 1,905 shares during the last quarter. Finally, IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies in the fourth quarter worth $38,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 1.3 %

NASDAQ SOFI traded down $0.18 during mid-day trading on Tuesday, reaching $13.54. 35,601,110 shares of the stock were exchanged, compared to its average volume of 44,605,050. The stock has a market cap of $14.85 billion, a P/E ratio of 36.59, a P/E/G ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The stock has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $13.14.

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

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Bank of America reiterated an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. UBS Group boosted their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.50.

Insiders Place Their Bets

In other 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 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,905 shares of company stock worth $1,308,075. Corporate insiders own 2.60% of the company's stock.

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.