SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 282.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 617,831 shares of the company's stock after acquiring an additional 456,096 shares during the quarter. Trexquant Investment LP owned approximately 0.06% of SoFi Technologies worth $9,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SOFI. The Manufacturers Life Insurance Company boosted its stake in SoFi Technologies by 1.6% in the third quarter. The Manufacturers Life Insurance Company now owns 267,956 shares of the company's stock valued at $2,106,000 after acquiring an additional 4,130 shares in the last quarter. FMR LLC boosted its holdings in SoFi Technologies by 154.8% in the third quarter. FMR LLC now owns 92,632 shares of the company's stock worth $728,000 after acquiring an additional 56,279 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of SoFi Technologies during the third quarter worth about $94,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SoFi Technologies by 3.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 230,827 shares of the company's stock valued at $1,814,000 after acquiring an additional 7,928 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of SoFi Technologies by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company's stock valued at $233,000 after purchasing an additional 809 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

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SoFi Technologies Price Performance

Shares of SOFI traded down $1.07 during mid-day trading on Friday, hitting $9.57. 89,420,582 shares of the company were exchanged, compared to its average volume of 45,516,203. 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 1-year low of $6.01 and a 1-year high of $18.42. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a 50 day moving average of $13.78 and a 200-day moving average of $13.33.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 prior year, the firm earned $0.04 EPS. Analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SOFI shares. UBS Group raised 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. Bank of America reissued an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Morgan Stanley upped their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and set a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.50.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm's 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 sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $1,308,075 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

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.