SPX Gestao de Recursos Ltda Makes New $1.54 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

SPX Gestao de Recursos Ltda bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $1,540,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of SoFi Technologies by 20.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 276,890 shares of the company’s stock valued at $4,264,000 after buying an additional 46,063 shares in the last quarter. SLT Holdings LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $218,000. Coordinated Financial Services Inc. acquired a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $387,000. Amundi raised its position in shares of SoFi Technologies by 58,176.3% in the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after buying an additional 2,700,543 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of SoFi Technologies by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,013 shares of the company’s stock valued at $370,000 after buying an additional 1,740 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SOFI. Needham & Company LLC upped their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Bank of America reiterated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. UBS Group upped their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Mizuho upped their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Trading Down 11.2 %

SOFI opened at $11.18 on Tuesday. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. 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 firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.24 and a beta of 1.79. The company’s 50 day moving average price is $15.15 and its two-hundred day moving average price is $12.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period last year, the company posted $0.04 EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares in the company, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares in the company, valued at approximately $9,219,685.68. The trade was a 9.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,004 shares of company stock valued at $2,292,100. 2.60% of the stock is currently owned by 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.