Key Client Fiduciary Advisors LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 12,647 shares of the company’s stock, valued at approximately $195,000.
Several other large investors also recently bought and sold shares of SOFI. Dimensional Fund Advisors LP boosted its position in shares of SoFi Technologies by 263.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after buying an additional 9,482,683 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SoFi Technologies by 7.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock valued at $465,000 after purchasing an additional 4,661 shares in the last quarter. Amalgamated Bank grew its position in shares of SoFi Technologies by 10.7% in the second quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock valued at $387,000 after purchasing an additional 5,661 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of SoFi Technologies by 33.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 102,103 shares of the company’s stock valued at $675,000 after purchasing an additional 25,583 shares during the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of SoFi Technologies by 12.5% during the 2nd quarter. AE Wealth Management LLC now owns 19,600 shares of the company’s stock worth $130,000 after purchasing an additional 2,176 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SOFI. The Goldman Sachs Group increased their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Mizuho lifted their price objective on 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 upped their target price on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, Citigroup boosted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.71.
SoFi Technologies Stock Performance
NASDAQ:SOFI opened at $18.03 on Friday. The company has a market cap of $19.57 billion, a P/E ratio of 180.32, a P/E/G ratio of 1.21 and a beta of 1.78. The firm’s 50 day moving average is $15.62 and its two-hundred day moving average is $10.94. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.21. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same period last year, the company posted ($0.03) EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts expect that SoFi Technologies, Inc. will post 0.12 EPS for the current year.
Insider Activity
In other news, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. This represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 in the last three months. Corporate insiders own 2.60% of the company’s stock.
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.
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