Quadrature Capital Ltd Takes Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Quadrature Capital Ltd acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,036,104 shares of the company's stock, valued at approximately $16,014,000. Quadrature Capital Ltd owned 0.19% of SoFi Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SOFI. Tidal Investments LLC boosted its stake in shares of SoFi Technologies by 15.2% in the 1st quarter. Tidal Investments LLC now owns 33,733 shares of the company's stock valued at $246,000 after buying an additional 4,459 shares during the period. Comerica Bank lifted its stake in SoFi Technologies by 27.1% during the first quarter. Comerica Bank now owns 23,782 shares of the company's stock worth $174,000 after purchasing an additional 5,071 shares during the last quarter. Cetera Investment Advisers lifted its stake in SoFi Technologies by 905.2% during the first quarter. Cetera Investment Advisers now owns 779,982 shares of the company's stock worth $5,694,000 after purchasing an additional 702,385 shares during the last quarter. GAMMA Investing LLC lifted its stake in SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company's stock worth $33,000 after purchasing an additional 1,981 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in SoFi Technologies by 15.3% during the second quarter. DNB Asset Management AS now owns 95,954 shares of the company's stock worth $634,000 after purchasing an additional 12,717 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded down $0.35 during trading on Thursday, reaching $15.97. The company had a trading volume of 37,162,557 shares, compared to its average volume of 47,440,184. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 160.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock's fifty day moving average price is $11.72 and its 200 day moving average price is $8.71. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $16.61.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SOFI shares. JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday. Citigroup cut SoFi Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 18th. Needham & Company LLC boosted their target price on SoFi Technologies from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price target on SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of "Hold" and a consensus target price of $10.36.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,308 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $7.99, for a total value of $74,370.92. Following the sale, the executive vice president now directly owns 161,511 shares in the company, valued at $1,290,472.89. The trade was a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total value of $386,417,705.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,960,748 shares of company stock worth $415,523,316 over the last three months. 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.