Mirador Capital Partners LP Acquires Shares of 18,601 SoFi Technologies, Inc. (NASDAQ:SOFI)

Mirador Capital Partners LP bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,601 shares of the company's stock, valued at approximately $286,000.

Several other hedge funds have also made changes to their positions in SOFI. State Street Corp boosted its stake in shares of SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after purchasing an additional 310,532 shares in the last quarter. Geode Capital Management LLC lifted its holdings in SoFi Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock worth $138,523,000 after buying an additional 358,806 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SoFi Technologies by 263.3% during the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company's stock worth $86,478,000 after buying an additional 9,482,683 shares during the period. Marshall Wace LLP boosted its position in SoFi Technologies by 130.0% during the 2nd quarter. Marshall Wace LLP now owns 6,357,887 shares of the company's stock valued at $42,026,000 after acquiring an additional 3,593,464 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of SoFi Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock valued at $48,306,000 after acquiring an additional 87,097 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

SOFI traded up $0.20 on Friday, reaching $16.50. 40,152,439 shares of the stock were exchanged, compared to its average volume of 40,002,703. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company's 50-day moving average price is $15.25 and its 200 day moving average price is $10.56. The firm has a market capitalization of $17.90 billion, a PE ratio of 165.02, a PEG ratio of 0.96 and a beta of 1.78. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.19.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company's revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

SOFI has been the subject of a number of recent research reports. William Blair started coverage on shares of SoFi Technologies in a report on Wednesday. They issued an "outperform" rating for the company. Jefferies Financial Group boosted their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.71.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $10.36, for a total value of $96,430.88. Following the completion of the transaction, the executive vice president now directly owns 152,203 shares of the company's stock, valued at approximately $1,576,823.08. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. Insiders have sold 26,009,264 shares of company stock valued at $416,889,795 in the last ninety days. Insiders own 2.60% of the company's stock.

SoFi Technologies Company 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.