Mandatum Life Insurance Co Ltd Purchases 25,100 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Mandatum Life Insurance Co Ltd grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 180.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,972 shares of the company’s stock after buying an additional 25,100 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in SoFi Technologies were worth $600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SOFI. State Street Corp increased its position in SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company’s stock worth $141,974,000 after acquiring an additional 310,532 shares during the period. Geode Capital Management LLC increased its holdings in shares of SoFi Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company’s stock worth $138,523,000 after purchasing an additional 358,806 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SoFi Technologies by 263.3% in the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock valued at $86,478,000 after buying an additional 9,482,683 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of SoFi Technologies by 130.0% in the second quarter. Marshall Wace LLP now owns 6,357,887 shares of the company’s stock valued at $42,026,000 after buying an additional 3,593,464 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SoFi Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock valued at $48,306,000 after buying an additional 87,097 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Up 1.2 %

Shares of SOFI stock opened at $16.50 on Monday. 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 firm has a market capitalization of $17.90 billion, a P/E ratio of 165.02, a P/E/G ratio of 0.96 and a beta of 1.78. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $17.19. The stock’s fifty day simple moving average is $15.32 and its 200 day simple moving average is $10.69.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the sale, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,999,956 shares of company stock worth $416,793,365. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SOFI. Barclays lifted their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. William Blair began coverage on shares of SoFi Technologies in a research report on Wednesday, January 15th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. increased their price target 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. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average target price of $11.71.

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.