Capstone Investment Advisors LLC Buys New Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Capstone Investment Advisors LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,504 shares of the company's stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors lifted its position in SoFi Technologies by 29.7% during the fourth quarter. Captrust Financial Advisors now owns 38,453 shares of the company's stock valued at $592,000 after purchasing an additional 8,814 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $338,000. Azora Capital LP grew its holdings in SoFi Technologies by 1.6% during the fourth quarter. Azora Capital LP now owns 4,419,345 shares of the company's stock worth $68,058,000 after acquiring an additional 71,277 shares during the period. Baird Financial Group Inc. raised its position in SoFi Technologies by 10.9% during the fourth quarter. Baird Financial Group Inc. now owns 80,837 shares of the company's stock valued at $1,245,000 after acquiring an additional 7,976 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in SoFi Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 696,799 shares of the company's stock valued at $10,731,000 after acquiring an additional 27,367 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction on Thursday, February 20th. The shares were 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 $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock valued at $1,271,115 over the last 90 days. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SOFI. Barclays raised their price objective on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. UBS Group lifted their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, JMP Securities began coverage on SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $12.73 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $11.93 and a 200 day moving average price of $13.79. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The stock has a market cap of $13.96 billion, a P/E ratio of 34.41, a PEG ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating 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 firm had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm's quarterly revenue was up 32.7% on a year-over-year basis. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current 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.

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.