Schonfeld Strategic Advisors LLC Takes $1.96 Million Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Schonfeld Strategic Advisors LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 127,444 shares of the company’s stock, valued at approximately $1,963,000.

Several other large investors have also recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at $27,000. Hollencrest Capital Management acquired a new stake in SoFi Technologies in the fourth quarter worth about $31,000. FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in SoFi Technologies during the 4th quarter valued at about $38,000. Finally, Legacy Investment Solutions LLC boosted its stake in shares of SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company’s stock valued at $48,000 after purchasing an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now 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. In the last quarter, insiders have sold 100,172 shares of company stock valued at $1,271,115. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Up 1.3 %

SoFi Technologies stock opened at $12.86 on Tuesday. The company has a 50 day moving average of $11.95 and a 200-day moving average of $13.80. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The stock has a market capitalization of $14.10 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The firm had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of SoFi Technologies in a report on Wednesday, April 30th. Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Dbs Bank raised SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, UBS Group boosted their target price on SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.38.

SoFi Technologies 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.