Midwest Professional Planners LTD. Takes $836,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Midwest Professional Planners LTD. bought 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 54,278 shares of the company's stock, valued at approximately $836,000.

Several other institutional investors have also recently made changes to their positions in the stock. Amundi boosted its position in shares of SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company's stock valued at $39,360,000 after acquiring an additional 2,700,543 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in SoFi Technologies by 214.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock worth $30,971,000 after purchasing an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd bought a new position in SoFi Technologies in the 3rd quarter valued at $16,014,000. Raymond James Financial Inc. purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $14,479,000. Finally, Zacks Investment Management bought a new position in shares of SoFi Technologies in the third quarter worth $3,766,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 6.1 %

SOFI traded up $0.70 on Friday, hitting $12.09. 37,340,434 shares of the company were exchanged, compared to its average volume of 46,843,879. 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, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The firm has a fifty day simple moving average of $14.89 and a two-hundred day simple moving average of $12.81. The stock has a market capitalization of $13.26 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results 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 business earned $0.04 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SOFI. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Needham & Company LLC upped their price objective 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. Bank of America reiterated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, William Blair reissued an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus price target of $12.50.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now directly owns 187,725 shares of the company's stock, valued at approximately $2,926,632.75. The trade was a 4.53 % 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 Eric Schuppenhauer bought 30,600 shares of the company's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $16.34 per share, with a total value of $500,004.00. Following the completion of the transaction, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 92,004 shares of company stock worth $1,459,060. 2.60% of the stock is currently owned by company insiders.

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.