Oppenheimer & Co. Inc. grew its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 47.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,439 shares of the company's stock after purchasing an additional 118,288 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in SoFi Technologies were worth $5,628,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in SoFi Technologies by 214.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock valued at $30,971,000 after purchasing an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of SoFi Technologies during the third quarter valued at $16,014,000. Zacks Investment Management bought a new stake in shares of SoFi Technologies in the third quarter valued at about $3,766,000. Point72 DIFC Ltd purchased a new stake in SoFi Technologies in the third quarter worth about $3,219,000. Finally, Rockefeller Capital Management L.P. grew its holdings in SoFi Technologies by 20.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,209,266 shares of the company's stock worth $17,365,000 after acquiring an additional 376,899 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.
SoFi Technologies Price Performance
NASDAQ SOFI traded down $0.06 during trading hours on Tuesday, hitting $13.51. 64,136,303 shares of the company's stock traded hands, compared to its average volume of 45,873,367. 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 firm's 50-day moving average is $15.50 and its 200-day moving average is $12.59. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market capitalization of $14.81 billion, a PE ratio of 36.45, a PEG ratio of 2.24 and a beta of 1.77.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly 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 firm earned $0.04 earnings per share. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were 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 sold 24,249,912 shares of company stock valued at $388,709,806 in the last three months. 2.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Mizuho boosted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted their target price 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, Bank of America reaffirmed an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.50.
Read Our Latest Analysis on SoFi Technologies
SoFi Technologies Profile
(
Free Report)
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.
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