111 Capital Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

111 Capital purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,438 shares of the company's stock, valued at approximately $438,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SoFi Technologies in the fourth quarter worth $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies in the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies in the fourth quarter worth $32,000. IAG Wealth Partners LLC purchased a new stake in shares of SoFi Technologies during the 4th quarter worth $38,000. Finally, Elequin Capital LP lifted its position in shares of SoFi Technologies by 30.1% during the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.02 during trading on Friday, reaching $13.19. The company's stock had a trading volume of 60,624,723 shares, compared to its average volume of 48,439,965. 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 firm has a market cap of $14.58 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The business's fifty day moving average price is $12.21 and its 200-day moving average price is $14.02.

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

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now directly owns 215,029 shares in the company, valued at approximately $2,302,960.59. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated 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 owns 655,118 shares in the company, valued at $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. Insiders have sold a total of 102,507 shares of company stock worth $1,283,528 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on SOFI. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Barclays lifted 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 report on Wednesday, April 30th. Citizens Jmp began coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective for the company. UBS Group lifted their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, five have given 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 an average target price of $14.38.

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.