Virtue Capital Management LLC Takes Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Virtue Capital Management LLC bought a new position 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 bought 63,741 shares of the company's stock, valued at approximately $982,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Elequin Capital LP raised its position in SoFi Technologies by 30.1% in the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after buying an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in SoFi Technologies by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after purchasing an additional 685 shares during the period. Game Plan Financial Advisors LLC raised its holdings in SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock valued at $128,000 after acquiring an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of SoFi Technologies by 33.3% during the 4th 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. Finally, SOA Wealth Advisors LLC. increased its holdings in SoFi Technologies by 33.1% in the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock worth $87,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,520 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total value of $154,137.60. Following the completion of the transaction, the executive vice president now owns 203,509 shares in the company, valued at $2,722,950.42. This trade represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 102,507 shares of company stock worth $1,283,528. 2.60% of the stock is owned by company insiders.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded up $0.30 during trading hours on Tuesday, hitting $13.39. 45,914,765 shares of the company's stock traded hands, compared to its average volume of 48,087,484. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.24 and a beta of 1.84. The company has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $14.04. 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 announced its earnings results 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. The firm had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business's revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Citizens Jmp assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 target price on the stock. JMP Securities started coverage on SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 target price on the stock. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Barclays upped their target price on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.38.

About SoFi Technologies

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.