52,096 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 52,096 shares of the company's stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Level Four Advisory Services LLC grew its holdings in shares of SoFi Technologies by 28.2% in the fourth quarter. Level Four Advisory Services LLC now owns 39,230 shares of the company's stock valued at $604,000 after purchasing an additional 8,630 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of SoFi Technologies by 64.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 35,493 shares of the company's stock worth $547,000 after acquiring an additional 13,908 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of SoFi Technologies by 9.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 147,458 shares of the company's stock worth $2,271,000 after acquiring an additional 13,088 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of SoFi Technologies by 33.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Norges Bank purchased a new position in SoFi Technologies in the fourth quarter valued at $103,678,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

Shares of SOFI stock traded down $0.21 during trading hours on Monday, hitting $11.65. The stock had a trading volume of 51,977,888 shares, compared to its average volume of 46,802,336. The stock's 50 day moving average is $14.42 and its 200 day moving average is $13.25. The firm has a market capitalization of $12.77 billion, a PE ratio of 31.45, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (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 quarter in the prior year, the company posted $0.04 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SOFI shares. JPMorgan Chase & Co. increased their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Morgan Stanley raised their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a report on Thursday, December 19th. Citigroup boosted their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, UBS Group boosted 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 analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated 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 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 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 ninety days. Insiders own 2.60% of the company's stock.

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.