Quantessence Capital LLC Buys Shares of 52,026 SoFi Technologies, Inc. (NASDAQ:SOFI)

Quantessence Capital LLC purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 52,026 shares of the company's stock, valued at approximately $801,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies during the fourth quarter worth about $31,000. FNY Investment Advisers LLC grew its holdings in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in SoFi Technologies during the 4th quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC raised its stake in shares of SoFi Technologies by 116.3% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after acquiring an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded up $0.57 on Friday, hitting $12.88. The stock had a trading volume of 70,369,645 shares, compared to its average volume of 46,600,816. The company's 50 day moving average price is $12.27 and its 200 day moving average price is $13.58. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 2.24 and a beta of 1.86. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 period last year, the firm earned $0.04 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SOFI shares. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Needham & Company LLC upped their target price 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. JMP Securities assumed coverage on shares of SoFi Technologies in a research note on Friday. They issued a "market outperform" rating and a $17.00 price target for the company. UBS Group boosted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Citigroup raised their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SoFi Technologies has an average rating of "Hold" and an average price target of $13.10.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction 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 completion of the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,172 shares of company stock valued at $1,271,115 over the last three months. 2.60% of the stock is currently owned by company 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.