Atria Wealth Solutions Inc. Has $4.62 Million Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Atria Wealth Solutions Inc. lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 45.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 299,894 shares of the company’s stock after selling 248,541 shares during the period. Atria Wealth Solutions Inc.’s holdings in SoFi Technologies were worth $4,618,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. Stratos Wealth Advisors LLC boosted its stake in shares of SoFi Technologies by 3.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,610 shares of the company’s stock valued at $256,000 after purchasing an additional 1,054 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of SoFi Technologies by 67.9% in the 3rd quarter. Blue Trust Inc. now owns 13,606 shares of the company’s stock valued at $107,000 after purchasing an additional 5,504 shares in the last quarter. Raymond James & Associates boosted its stake in shares of SoFi Technologies by 2.1% in the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock valued at $4,177,000 after purchasing an additional 11,062 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $137,000. Finally, Calton & Associates Inc. boosted its stake in shares of SoFi Technologies by 33.2% in the 3rd quarter. Calton & Associates Inc. now owns 40,440 shares of the company’s stock valued at $318,000 after purchasing an additional 10,090 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $16.18 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $17.56 billion, a P/E ratio of 43.73, a P/E/G ratio of 2.34 and a beta of 1.77. The business has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $12.11. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the previous year, the firm posted $0.04 earnings per share. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total value of $833,040.00. Following the completion of the transaction, the director now owns 25,937 shares of the company’s stock, valued at $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,999,280 shares of company stock valued at $416,810,442 in the last ninety days. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SOFI shares. JPMorgan Chase & Co. boosted their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Mizuho lifted their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group lifted their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $12.50.

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.