111 Capital Purchases New Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Keystone Financial Services LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at $275,000. Centaurus Financial Inc. acquired a new stake in SoFi Technologies in the fourth quarter worth about $172,000. Total Wealth Planning & Management Inc. acquired a new stake in SoFi Technologies in the fourth quarter worth about $821,000. Jefferies Financial Group Inc. acquired a new stake in SoFi Technologies in the fourth quarter worth about $1,164,000. Finally, Virtue Capital Management LLC acquired a new stake in SoFi Technologies in the fourth quarter worth about $982,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SoFi Technologies

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 stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelli Keough sold 11,181 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the sale, the executive vice president now owns 226,210 shares in the company, valued at approximately $2,877,391.20. This trade represents a 4.71% decrease in their position. 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 in the last 90 days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Up 2.8%

Shares of SOFI traded up $0.37 on Monday, hitting $13.67. The company's stock had a trading volume of 53,353,706 shares, compared to its average volume of 48,541,116. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm's fifty day moving average price is $12.23 and its 200-day moving average price is $14.03. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $739.93 million. During the same period in the previous year, the firm earned $0.02 EPS. SoFi Technologies's quarterly revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lifted their price objective on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. JMP Securities assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective for the company. Truist Financial assumed coverage on SoFi Technologies in a research report on Monday. They issued a "hold" rating and a $14.00 price objective for the company. Finally, Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, SoFi Technologies has an average rating of "Hold" and an average target price of $14.36.

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.