DekaBank Deutsche Girozentrale Has $162,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

DekaBank Deutsche Girozentrale decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,916 shares of the company’s stock after selling 19,250 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SoFi Technologies were worth $162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SOFI. Fairfield Bush & CO. boosted its position in SoFi Technologies by 41.6% during the first quarter. Fairfield Bush & CO. now owns 16,000 shares of the company’s stock valued at $151,000 after purchasing an additional 4,700 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of SoFi Technologies by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,266,962 shares of the company’s stock valued at $11,973,000 after buying an additional 22,288 shares during the last quarter. US Bancorp DE grew its stake in shares of SoFi Technologies by 197.0% in the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock valued at $28,000 after buying an additional 2,000 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in SoFi Technologies during the first quarter worth $435,000. Finally, Cibc World Market Inc. raised its position in SoFi Technologies by 4.7% during the first quarter. Cibc World Market Inc. now owns 54,765 shares of the company’s stock worth $518,000 after acquiring an additional 2,454 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SOFI. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods raised SoFi Technologies from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $6.50 to $7.50 in a research report on Friday, April 5th. Citigroup assumed coverage on SoFi Technologies in a research note on Monday, April 8th. They set a “buy” rating and a $11.00 target price for the company. Mizuho dropped their price target on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. Finally, Jefferies Financial Group reduced their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.08.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $7.20 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04. SoFi Technologies, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $11.70. The company has a market cap of $7.03 billion, a price-to-earnings ratio of -18.95 and a beta of 1.75. The stock has a fifty day moving average price of $7.77 and a 200-day moving average price of $7.92.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 29th. The company reported $0.02 earnings per share for the quarter. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $572.02 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 34.7% on a year-over-year basis. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the completion of the transaction, the chief technology officer now owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

About SoFi Technologies

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.