Azora Capital LP Has $68.06 Million Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Azora Capital LP boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,419,345 shares of the company's stock after purchasing an additional 71,277 shares during the period. SoFi Technologies accounts for approximately 3.1% of Azora Capital LP's portfolio, making the stock its 12th biggest position. Azora Capital LP owned about 0.41% of SoFi Technologies worth $68,058,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies during the 4th quarter worth about $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC increased its holdings in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after buying an additional 1,905 shares during the period. IAG Wealth Partners LLC bought a new stake in SoFi Technologies in the fourth quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC raised its holdings in shares of SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after buying an additional 1,744 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

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 transaction of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,172 shares of company stock valued at $1,271,115. 2.60% of the stock is owned by insiders.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $12.70 on Friday. 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 business has a 50-day moving average of $11.99 and a 200-day moving average of $13.76. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company's quarterly revenue was up 32.7% compared to the same quarter last year. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JMP Securities began coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 target price for the company. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average price target of $14.38.

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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