Schonfeld Strategic Advisors LLC Acquires Shares of 127,444 SoFi Technologies, Inc. (NASDAQ:SOFI)

Schonfeld Strategic Advisors LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 127,444 shares of the company's stock, valued at approximately $1,963,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in SoFi Technologies by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SoFi Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares during the last quarter. Norges Bank acquired a new stake in shares of SoFi Technologies during the 4th quarter worth about $103,678,000. Charles Schwab Investment Management Inc. lifted its holdings in SoFi Technologies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after purchasing an additional 167,780 shares during the last quarter. Finally, Northern Trust Corp boosted its position in SoFi Technologies by 22.7% in the fourth quarter. Northern Trust Corp now owns 6,052,301 shares of the company's stock valued at $93,205,000 after buying an additional 1,121,550 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on SOFI shares. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price on the stock. Citigroup raised their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Citizens Jmp started coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, Barclays upped their target price on shares of 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 investment 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies Stock Down 1.0 %

Shares of SoFi Technologies stock traded down $0.13 during trading on Tuesday, reaching $12.73. The stock had a trading volume of 39,981,827 shares, compared to its average volume of 46,713,842. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a fifty day moving average price of $11.93 and a two-hundred day moving average price of $13.79.

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

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the transaction, the executive vice president now directly owns 226,210 shares of the company's stock, 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 sold a total of 100,172 shares of company stock worth $1,271,115 in the last three months. Insiders own 2.60% of the company's stock.

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.