SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.1% during the 4th quarter, Holdings Channel reports. The firm owned 194,835 shares of the company’s stock after purchasing an additional 17,865 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SoFi Technologies were worth $1,939,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. increased its position in shares of SoFi Technologies by 93.8% during the 4th 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. Fortitude Family Office LLC bought a new stake in shares of SoFi Technologies during the 4th quarter worth $60,000. NBC Securities Inc. bought a new stake in shares of SoFi Technologies during the 3rd quarter worth $61,000. Clear Street Markets LLC bought a new stake in shares of SoFi Technologies during the 3rd quarter worth $69,000. Finally, TFC Financial Management Inc. boosted its stake in shares of SoFi Technologies by 87.0% during the 3rd quarter. TFC Financial Management Inc. now owns 9,457 shares of the company’s stock worth $76,000 after acquiring an additional 4,400 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $7.60 on Thursday. SoFi Technologies, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $11.70. The stock’s 50-day moving average is $7.67 and its two-hundred day moving average is $7.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.23. The firm has a market cap of $7.42 billion, a P/E ratio of -20.00 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, January 29th. The company reported $0.02 earnings per share for the quarter. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. The company had revenue of $615.40 million for the quarter, compared to analyst estimates of $572.02 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue was up 34.7% compared to the same quarter last year. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SOFI shares. Morgan Stanley reissued an “underweight” rating and set a $6.50 price objective (down from $7.00) on shares of SoFi Technologies in a research note on Wednesday, January 31st. Wedbush reissued an “underperform” rating and set a $3.00 price objective on shares of SoFi Technologies in a research note on Wednesday, March 6th. Needham & Company LLC began coverage on SoFi Technologies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $10.00 price objective for the company. Keefe, Bruyette & Woods raised SoFi Technologies from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $6.50 to $7.50 in a research report on Friday, April 5th. Finally, Mizuho decreased their target price on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average target price of $9.08.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the firm’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 transaction, the chief technology officer now directly owns 390,616 shares in the company, valued at $2,706,968.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

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.