IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 10,003 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 60.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 26,481 shares of the company’s stock after buying an additional 10,003 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SoFi Technologies were worth $408,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies in the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies during the third quarter valued at $28,000. Hollencrest Capital Management bought a new stake in SoFi Technologies in the 4th quarter worth about $31,000. FNY Investment Advisers LLC raised its position in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the last quarter. Finally, IAG Wealth Partners LLC bought a new position in SoFi Technologies during the 4th quarter valued at about $38,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $11.85 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.24 and a beta of 1.79. The company’s 50 day moving average is $14.42 and its two-hundred day moving average is $13.17.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 prior year, the business posted $0.04 EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on SOFI shares. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. The Goldman Sachs Group increased their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Citigroup lifted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Insider Activity

In related news, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies 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 owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 $3,143,497.38. The trade was a 4.75 % 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 over the last ninety days. Corporate 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.