126,222 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by Intellus Advisors LLC

Intellus Advisors LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 126,222 shares of the company’s stock, valued at approximately $1,944,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Amundi raised its holdings 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 worth $39,360,000 after purchasing an additional 2,700,543 shares during the period. Quadrature Capital Ltd acquired a new stake in SoFi Technologies during the 3rd quarter worth approximately $16,014,000. Raymond James Financial Inc. purchased a new position in SoFi Technologies in the fourth quarter valued at approximately $14,479,000. Berkshire Capital Holdings Inc. lifted its position in 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 valued at $9,560,000 after buying an additional 620,800 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in SoFi Technologies during the third quarter worth approximately $3,766,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. Bank of America reissued an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Citigroup upped their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley boosted their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report 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 assigned a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $12.50.

Insider Activity

In other news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the transaction, the executive vice president now directly owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated 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 owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,819 shares of company stock worth $1,447,044. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Trading Up 1.8 %

NASDAQ SOFI opened at $12.87 on Friday. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. 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, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company’s fifty day moving average price is $14.67 and its two-hundred day moving average price is $12.97.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 business earned $0.04 EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

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.