11,246 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,246 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors also recently bought and sold shares of the business. Berkshire Capital Holdings Inc. increased its stake in shares of SoFi Technologies by 6,208,000.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company’s stock worth $9,560,000 after purchasing an additional 620,800 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in SoFi Technologies during the 4th quarter worth approximately $3,703,000. Hanseatic Management Services Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $1,116,000. Kercheville Advisors LLC acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in shares of SoFi Technologies by 12.9% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company’s stock valued at $9,131,000 after acquiring an additional 67,779 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. UBS Group boosted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.50.

Insider Activity

In other news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Trading Down 3.7 %

Shares of SOFI stock opened at $9.50 on Wednesday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The firm has a market cap of $10.42 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. The company has a 50-day moving average of $13.40 and a two-hundred day moving average of $13.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $0.04 earnings per share. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

About SoFi Technologies

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.