Two Sigma Advisers LP Acquires New Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Two Sigma Advisers LP purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,479,200 shares of the company's stock, valued at approximately $299,980,000. Two Sigma Advisers LP owned 1.80% of SoFi Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies in the 4th quarter worth $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies during the fourth quarter worth about $31,000. IAG Wealth Partners LLC bought a new position in shares of SoFi Technologies during the fourth quarter worth about $38,000. Legacy Investment Solutions LLC grew its holdings in shares of SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after buying an additional 1,744 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $13.92 on Monday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.24 and a beta of 1.84. The stock's 50 day moving average price is $12.07 and its two-hundred day moving average price is $13.97. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

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

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This represents a 5.14% decrease in their position. 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 ninety days. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on SOFI shares. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. JMP Securities started coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Citizens Jmp started coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 price target on the stock. Finally, Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and a consensus price target 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.

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