Azora Capital LP Has $34.18 Million Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Azora Capital LP lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,348,068 shares of the company’s stock after acquiring an additional 352,901 shares during the period. SoFi Technologies makes up 1.8% of Azora Capital LP’s holdings, making the stock its 19th biggest holding. Azora Capital LP owned 0.41% of SoFi Technologies worth $34,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Paloma Partners Management Co bought a new stake in SoFi Technologies during the 3rd quarter worth approximately $111,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $99,000. Tradition Wealth Management LLC boosted its position in shares of SoFi Technologies by 3.4% during the third quarter. Tradition Wealth Management LLC now owns 57,533 shares of the company’s stock valued at $452,000 after buying an additional 1,880 shares during the last quarter. Edgestream Partners L.P. grew its holdings in SoFi Technologies by 55.4% during the third quarter. Edgestream Partners L.P. now owns 404,277 shares of the company’s stock worth $3,178,000 after buying an additional 144,139 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in SoFi Technologies by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock valued at $233,000 after buying an additional 809 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analysts Set New Price Targets

SOFI has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Mizuho upped their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group lifted their target price on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their target price on SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their price target on SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $9.80.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 9,308 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $7.99, for a total value of $74,370.92. Following the completion of the transaction, the executive vice president now directly owns 161,511 shares of the company’s stock, valued at $1,290,472.89. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the sale, the chief technology officer now directly owns 521,505 shares in the company, valued at $4,234,620.60. This trade represents a 11.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,287 shares of company stock valued at $863,250. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 1.8 %

Shares of NASDAQ SOFI opened at $16.41 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a market capitalization of $17.81 billion, a PE ratio of 164.10, a P/E/G ratio of 2.73 and a beta of 1.60. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $16.61. The business’s fifty day moving average price is $11.23 and its 200-day moving average price is $8.52.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $697.10 million for the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

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.