EAM Global Investors LLC Buys New Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

EAM Global Investors LLC purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 330,577 shares of the company's stock, valued at approximately $5,091,000.

Several other hedge funds have also recently added to or reduced their stakes in SOFI. Berkshire Capital Holdings Inc. lifted its stake in SoFi Technologies by 6,208,000.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock worth $9,560,000 after purchasing an additional 620,800 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $3,703,000. Hanseatic Management Services Inc. purchased a new stake in SoFi Technologies during the 4th quarter valued at about $1,116,000. Kercheville Advisors LLC bought a new position in SoFi Technologies during the 4th quarter worth approximately $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. increased its stake in SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock worth $9,131,000 after purchasing an additional 67,779 shares during the period. Institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of SoFi Technologies from $10.50 to $14.00 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. The Goldman Sachs Group increased 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. Needham & Company LLC boosted their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.50.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 68,625 shares of the company'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 owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock worth $1,308,075 in the last three months. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 3.0 %

Shares of NASDAQ SOFI traded up $0.32 during mid-day trading on Friday, reaching $10.98. The company had a trading volume of 46,704,309 shares, compared to its average volume of 46,233,868. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The business's 50-day moving average is $12.60 and its 200-day moving average is $13.52. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $0.04 EPS. Equities analysts expect 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.