Coordinated Financial Services Inc. Purchases New Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Coordinated Financial Services Inc. bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,100 shares of the company's stock, valued at approximately $387,000.

A number of other hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC increased 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. SouthState Corp acquired a new position in shares of SoFi Technologies during the 3rd quarter worth $67,000. Finally, Huntington National Bank grew its position in SoFi Technologies by 442.0% in the third quarter. Huntington National Bank now owns 8,856 shares of the company's stock valued at $70,000 after acquiring an additional 7,222 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research analyst reports. Needham & Company LLC raised their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Mizuho boosted their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Citigroup raised their price target on shares of 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 boosted their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Four 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.50.

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SoFi Technologies Stock Down 11.2 %

SoFi Technologies stock traded down $1.41 during mid-day trading on Monday, reaching $11.18. The stock had a trading volume of 70,176,001 shares, compared to its average volume of 46,867,813. The firm has a market capitalization of $12.26 billion, a PE ratio of 30.22, a price-to-earnings-growth 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. The stock's 50-day simple moving average is $15.24 and its 200-day simple moving average is $12.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.04 EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Bashir Ruzwana sold 52,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the transaction, the director now directly owns 25,937 shares in the company, valued at approximately $415,510.74. The trade was a 66.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $16.34 per share, with a total value of $500,004.00. Following the purchase, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 144,004 shares of company stock worth $2,292,100. 2.60% of the stock is owned by corporate insiders.

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.