Bosun Asset Management LLC Buys Shares of 111,918 SoFi Technologies, Inc. (NASDAQ:SOFI)

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

Several other hedge funds have also made changes to their positions in SOFI. CIBC Private Wealth Group LLC increased its position in SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after buying an additional 685 shares during the period. Procyon Advisors LLC increased its holdings in shares of SoFi Technologies by 8.0% in the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock worth $208,000 after acquiring an additional 1,000 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after acquiring an additional 1,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in SoFi Technologies by 33.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after purchasing an additional 1,100 shares during the period. Finally, World Investment Advisors LLC grew its position in SoFi Technologies by 6.5% in the 3rd quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock worth $171,000 after purchasing an additional 1,336 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 1.3 %

Shares of NASDAQ:SOFI opened at $12.86 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The company has a 50 day moving average price of $11.95 and a 200 day moving average price of $13.80.

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

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of recent analyst reports. Barclays lifted their price target on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. JMP Securities initiated coverage on SoFi Technologies in a research note on Friday, April 25th. They set a "market outperform" rating and a $17.00 target price on the stock. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Citizens Jmp started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective on the stock. Finally, UBS Group increased their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SoFi Technologies currently has an average rating of "Hold" and an average price target of $14.38.

Insiders Place Their Bets

In related news, 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 transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 100,172 shares of company stock worth $1,271,115. Company insiders own 2.60% of the company's stock.

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.

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