Quantbot Technologies LP Boosts Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Quantbot Technologies LP boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 980.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 92,081 shares of the company's stock after purchasing an additional 83,562 shares during the quarter. Quantbot Technologies LP's holdings in SoFi Technologies were worth $1,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sciencast Management LP purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $493,000. Berkshire Capital Holdings Inc. lifted its position in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after acquiring an additional 620,800 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in SoFi Technologies during the 4th quarter valued at $2,800,000. Harvest Fund Management Co. Ltd bought a new stake in shares of SoFi Technologies in the 4th quarter worth $1,095,000. Finally, Xponance Inc. raised its stake in shares of SoFi Technologies by 19.3% in the fourth quarter. Xponance Inc. now owns 64,541 shares of the company's stock worth $994,000 after purchasing an additional 10,444 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Performance

Shares of SOFI opened at $13.72 on Tuesday. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.24 and a beta of 1.79. The business has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $13.10.

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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, topping analysts' consensus estimates 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 quarter in the previous year, the business posted $0.04 EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares of the company's stock, valued at $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on SOFI shares. Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods restated an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. UBS Group lifted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Finally, Bank of America reiterated an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.50.

About SoFi Technologies

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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