Bosun Asset Management LLC Invests $1.72 Million in SoFi Technologies, Inc. (NASDAQ:SOFI)

Bosun Asset Management LLC bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 111,918 shares of the company's stock, valued at approximately $1,724,000.

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

Analyst Ratings Changes

SOFI has been the topic of several analyst reports. Citizens Jmp assumed coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. UBS Group raised their price objective on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Barclays lifted their price objective on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SoFi Technologies has a consensus rating of "Hold" and an average price target of $14.38.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now owns 215,029 shares of the company's stock, valued at $2,302,960.59. The trade was a 4.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 approximately $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,172 shares of company stock worth $1,271,115. Insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 0.6 %

NASDAQ:SOFI traded down $0.08 on Friday, hitting $13.18. 53,113,102 shares of the company's stock were exchanged, compared to its average volume of 47,081,362. The firm has a 50-day moving average price of $11.89 and a 200-day moving average price of $13.85. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. 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 company has a market cap of $14.45 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its 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. The business had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. SoFi Technologies's revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

SoFi Technologies 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.