118,279 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 118,279 shares of the company's stock, valued at approximately $930,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of SoFi Technologies by 263.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company's stock valued at $86,478,000 after purchasing an additional 9,482,683 shares during the last quarter. Marshall Wace LLP grew its position in SoFi Technologies by 130.0% in the 2nd quarter. Marshall Wace LLP now owns 6,357,887 shares of the company's stock valued at $42,026,000 after buying an additional 3,593,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased 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 valued at $30,971,000 after buying an additional 2,688,847 shares during the period. Mizuho Markets Americas LLC raised its position in SoFi Technologies by 403.4% during the 2nd quarter. Mizuho Markets Americas LLC now owns 3,045,737 shares of the company's stock worth $20,132,000 after buying an additional 2,440,745 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of SoFi Technologies by 905.2% in the 1st quarter. Cetera Investment Advisers now owns 779,982 shares of the company's stock worth $5,694,000 after acquiring an additional 702,385 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI traded up $0.29 during midday trading on Wednesday, hitting $15.78. 5,935,620 shares of the stock were exchanged, compared to its average volume of 47,389,316. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $16.09. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $10.59 and a 200-day moving average price of $8.28. The stock has a market cap of $17.12 billion, a P/E ratio of 154.92, a PEG ratio of 2.61 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SOFI. Mizuho boosted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their target price on SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Citigroup cut SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC raised their target price on SoFi Technologies from $10.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.80.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,590 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares of the company's stock, valued at approximately $2,076,445.28. The trade was a 6.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,081 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the completion of the transaction, the chief technology officer now owns 521,505 shares in the company, valued at approximately $4,234,620.60. This trade represents a 11.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,287 shares of company stock valued at $863,250. 2.60% of the stock is owned by corporate insiders.

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.