SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 898,467 shares of the company’s stock after buying an additional 10,506 shares during the period. Nordea Investment Management AB owned approximately 0.08% of SoFi Technologies worth $14,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies in the third quarter valued at about $28,000. Waldron Private Wealth LLC purchased a new stake in SoFi Technologies during the 3rd quarter valued at approximately $39,000. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of SoFi Technologies during the third quarter worth $47,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of SoFi Technologies in the second quarter valued at about $66,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Eric Schuppenhauer purchased 30,600 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $16.34 per share, with a total value of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,009,264 shares of company stock worth $416,889,795 in the last ninety days. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $14.55 on Thursday. 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, Inc. has a one year low of $6.01 and a one year high of $17.19. The business’s 50-day simple moving average is $14.83 and its 200 day simple moving average is $10.24. The company has a market cap of $15.79 billion, a P/E ratio of 145.51, a PEG ratio of 2.70 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. During the same period last year, the firm earned ($0.03) earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SOFI. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Needham & Company LLC increased their price target on SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.13.

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.