Coordinated Financial Services Inc. Purchases Shares of 25,100 SoFi Technologies, Inc. (NASDAQ:SOFI)

Coordinated Financial Services Inc. acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,100 shares of the company's stock, valued at approximately $387,000.

Several other institutional investors also recently modified their holdings of SOFI. State Street Corp lifted its holdings in SoFi Technologies by 1.7% in the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after acquiring an additional 310,532 shares during the period. Geode Capital Management LLC grew its position in shares of SoFi Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock valued at $138,523,000 after acquiring an additional 358,806 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SoFi Technologies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after acquiring an additional 167,780 shares during the period. Azora Capital LP increased its stake in shares of SoFi Technologies by 8.8% in the 3rd quarter. Azora Capital LP now owns 4,348,068 shares of the company's stock worth $34,176,000 after purchasing an additional 352,901 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in SoFi Technologies by 214.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock worth $30,971,000 after purchasing an additional 2,688,847 shares during the period. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Trading Up 5.9 %

SOFI stock traded up $0.66 during mid-day trading on Wednesday, reaching $11.92. The company had a trading volume of 53,958,853 shares, compared to its average volume of 47,227,719. The company has a market capitalization of $13.07 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The firm has a 50 day moving average of $15.07 and a 200 day moving average of $12.80. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month 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.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 previous year, the company earned $0.04 EPS. On average, equities 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 research analysts recently weighed in on SOFI shares. Morgan Stanley lifted their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Finally, Mizuho boosted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.50.

Insider Activity

In other SoFi Technologies news, Director Bashir Ruzwana sold 52,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the transaction, the director now directly owns 25,937 shares in the company, valued at $415,510.74. This represents a 66.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Schuppenhauer purchased 30,600 shares of SoFi Technologies stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $16.34 per share, with a total value of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. This represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 144,004 shares of company stock worth $2,292,100. 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.