one8zero8 LLC Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

one8zero8 LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,050 shares of the company's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi increased its position in SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company's stock worth $39,360,000 after purchasing an additional 2,700,543 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in SoFi Technologies by 214.9% in the third 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 during the period. Quadrature Capital Ltd acquired a new stake in SoFi Technologies in the third quarter worth about $16,014,000. Raymond James Financial Inc. acquired a new stake in SoFi Technologies in the fourth quarter worth about $14,479,000. Finally, Zacks Investment Management acquired a new stake in SoFi Technologies in the third quarter worth about $3,766,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SOFI. The Goldman Sachs Group lifted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Bank of America restated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Finally, Citigroup raised their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

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Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares of the company's stock, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 27,013 shares of company stock worth $437,402. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 0.7 %

NASDAQ SOFI traded down $0.09 during trading on Thursday, hitting $12.64. The stock had a trading volume of 40,388,224 shares, compared to its average volume of 44,563,482. The company has a market capitalization of $13.86 billion, a PE ratio of 34.16, a P/E/G ratio of 2.24 and a beta of 1.79. The company's 50-day moving average price is $14.73 and its two-hundred day moving average price is $12.94. 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.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the previous year, the business posted $0.04 EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.