SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 840,102 shares of the company's stock after purchasing an additional 24,247 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of SoFi Technologies worth $12,939,000 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 stake in SoFi Technologies in the fourth quarter valued at $27,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $31,000. FNY Investment Advisers LLC raised its stake in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC bought a new position in shares of SoFi Technologies during the fourth quarter worth about $38,000. Finally, Legacy Investment Solutions LLC lifted its position 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 purchasing an additional 1,744 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $8,280,691.52. The trade was a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 9,185 shares of the company'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 transaction of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This represents a 5.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,172 shares of company stock valued at $1,271,115. Company insiders own 2.60% of the company's stock.

SoFi Technologies Trading Down 3.3%

Shares of NASDAQ:SOFI opened at $13.57 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $12.02 and its 200 day moving average price is $13.91. The company has a market cap of $15.00 billion, a PE ratio of 36.68, a P/E/G ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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. The company had revenue of $763.81 million for the quarter, compared to analysts' expectations 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 for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SOFI shares. Barclays boosted their price objective on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. UBS Group boosted their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. JMP Securities started coverage on SoFi Technologies in a research note on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective on the stock. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Citizens Jmp began coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set an "outperform" rating and a $17.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.38.

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.

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