Headlands Technologies LLC Buys Shares of 61,492 SoFi Technologies, Inc. (NASDAQ:SOFI)

Headlands Technologies LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,492 shares of the company’s stock, valued at approximately $612,000.

Other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital lifted its stake in shares of SoFi Technologies by 13.2% during the fourth quarter. Wedmont Private Capital now owns 12,068 shares of the company’s stock worth $120,000 after buying an additional 1,411 shares during the period. Oppenheimer & Co. Inc. lifted its position in SoFi Technologies by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 192,238 shares of the company’s stock valued at $1,536,000 after purchasing an additional 1,413 shares during the period. Westside Investment Management Inc. lifted its position in SoFi Technologies by 93.8% during the fourth quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $31,000 after purchasing an additional 1,500 shares during the period. River Street Advisors LLC lifted its position in SoFi Technologies by 4.5% during the fourth quarter. River Street Advisors LLC now owns 35,414 shares of the company’s stock valued at $352,000 after purchasing an additional 1,526 shares during the period. Finally, PFG Investments LLC increased its holdings in SoFi Technologies by 5.5% in the fourth quarter. PFG Investments LLC now owns 29,655 shares of the company’s stock valued at $295,000 after buying an additional 1,547 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on SOFI shares. Keefe, Bruyette & Woods raised shares of SoFi Technologies from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $6.50 to $7.50 in a research note on Friday, April 5th. Mizuho cut their target price on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Jefferies Financial Group cut their target price on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. Morgan Stanley restated an “underweight” rating and set a $6.50 price target (down from $7.00) on shares of SoFi Technologies in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group boosted their price target on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.08.

SoFi Technologies Stock Up 3.7 %

Shares of NASDAQ SOFI traded up $0.28 during mid-day trading on Friday, reaching $7.87. The company had a trading volume of 88,630,965 shares, compared to its average volume of 37,067,720. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00. The firm has a 50 day simple moving average of $7.64 and a two-hundred day simple moving average of $7.90. The stock has a market cap of $7.69 billion, a P/E ratio of -20.71 and a beta of 1.75. SoFi Technologies, Inc. has a 52-week low of $4.45 and a 52-week high of $11.70.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 29th. The company reported $0.02 EPS for the quarter. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The business’s revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the sale, the chief technology officer now directly owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.