EAM Global Investors LLC Takes $5.09 Million Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

EAM Global Investors LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 330,577 shares of the company's stock, valued at approximately $5,091,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. Berkshire Capital Holdings Inc. raised its stake in SoFi Technologies by 6,208,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock worth $9,560,000 after buying an additional 620,800 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of SoFi Technologies in the 4th quarter worth $3,703,000. Hanseatic Management Services Inc. acquired a new stake in SoFi Technologies in the 4th quarter valued at $1,116,000. Kercheville Advisors LLC bought a new stake in SoFi Technologies during the 4th quarter valued at $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. raised its holdings in SoFi Technologies by 12.9% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock worth $9,131,000 after buying an additional 67,779 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies 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 completion of the sale, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $1,308,075 in the last three months. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

SOFI traded up $0.32 during trading hours on Friday, hitting $10.98. The stock had a trading volume of 46,704,309 shares, compared to its average volume of 46,196,413. 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 stock has a market cap of $12.04 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company's fifty day simple moving average is $12.60 and its 200 day simple moving average is $13.48.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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 net margin of 18.64% and a return on equity of 3.82%. During the same period in the prior year, the firm posted $0.04 earnings per share. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. The Goldman Sachs Group raised 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. Finally, UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Four investment 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.50.

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.