Hel Ved Capital Management Ltd Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Hel Ved Capital Management Ltd bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 217,400 shares of the company’s stock, valued at approximately $3,348,000.

A number of other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of SoFi Technologies by 1.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 267,956 shares of the company’s stock valued at $2,106,000 after purchasing an additional 4,130 shares during the period. FMR LLC increased its holdings in SoFi Technologies by 154.8% in the third quarter. FMR LLC now owns 92,632 shares of the company’s stock worth $728,000 after purchasing an additional 56,279 shares in the last quarter. Captrust Financial Advisors lifted its stake in SoFi Technologies by 2.8% in the third quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock valued at $233,000 after buying an additional 809 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $99,000. Finally, Paloma Partners Management Co acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth approximately $111,000. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

SOFI has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Bank of America reaffirmed an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Trading Down 10.1 %

NASDAQ:SOFI opened at $9.57 on Friday. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The firm has a 50-day moving average price of $13.78 and a two-hundred day moving average price of $13.30. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 25.86, 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 quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the business earned $0.04 earnings per share. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 11,181 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the transaction, the executive vice president now owns 226,210 shares in the company, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock worth $1,308,075 in the last ninety days. Company insiders own 2.60% of the company’s stock.

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.