Virtue Capital Management LLC Purchases Shares of 63,741 SoFi Technologies, Inc. (NASDAQ:SOFI)

Virtue Capital Management LLC purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 63,741 shares of the company's stock, valued at approximately $982,000.

Other large investors also recently made changes to their positions in the company. Forum Financial Management LP increased its stake in SoFi Technologies by 15.2% during the 4th quarter. Forum Financial Management LP now owns 41,446 shares of the company's stock valued at $638,000 after buying an additional 5,475 shares during the period. Warm Springs Advisors Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $2,464,000. CTC Alternative Strategies Ltd. acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $265,000. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $162,000. Finally, Sunbelt Securities Inc. increased its stake in shares of SoFi Technologies by 849.4% during the fourth quarter. Sunbelt Securities Inc. now owns 9,750 shares of the company's stock valued at $152,000 after acquiring an additional 8,723 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Down 1.2%

SOFI traded down $0.16 on Thursday, reaching $13.17. 32,210,479 shares of the company traded hands, compared to its average volume of 53,438,059. The stock's 50 day moving average price is $12.23 and its 200-day moving average price is $14.03. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.24 and a beta of 1.84. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $739.93 million. During the same period in the previous year, the company posted $0.02 EPS. SoFi Technologies's revenue was up 32.7% on a year-over-year basis. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several research analyst reports. UBS Group lifted their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. Barclays lifted their target price on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Citizens Jmp started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They set an "outperform" rating and a $17.00 target price for the company. Finally, JMP Securities began 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.38.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction of $119,748.51. Following the completion of the sale, the executive vice president now owns 215,029 shares in the company, valued at approximately $2,302,960.59. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,507 shares of company stock worth $1,283,528 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

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.