Nwam LLC Acquires 7,255 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Nwam LLC raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,104 shares of the company’s stock after buying an additional 7,255 shares during the quarter. Nwam LLC’s holdings in SoFi Technologies were worth $315,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in SoFi Technologies during the third quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of SoFi Technologies by 55.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after purchasing an additional 1,543 shares in the last quarter. GAMMA Investing LLC lifted its position in SoFi Technologies by 65.3% in the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after purchasing an additional 1,981 shares during the period. Waldron Private Wealth LLC bought a new position in SoFi Technologies in the third quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in SoFi Technologies during the third quarter worth $47,000. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In related news, 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 value of $139,630.40. Following the completion of the sale, the executive vice president now owns 142,613 shares in the company, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,081 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the transaction, the chief technology officer now owns 521,505 shares of the company’s stock, valued at approximately $4,234,620.60. This represents a 11.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,287 shares of company stock worth $863,250. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $15.70 on Tuesday. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $16.09. The stock has a market capitalization of $17.04 billion, a PE ratio of 157.02, a PEG ratio of 2.59 and a beta of 1.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock’s fifty day moving average is $10.59 and its 200-day moving average is $8.28.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company’s revenue was up 29.8% on a year-over-year basis. Equities research analysts expect that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. Barclays raised their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Needham & Company LLC raised their price target on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Mizuho raised their target price on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Citigroup cut SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.80.

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.