SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 7,151.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,715 shares of the company’s stock after buying an additional 28,319 shares during the period. Creekmur Asset Management LLC’s holdings in SoFi Technologies were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in SoFi Technologies in the fourth quarter valued at $27,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies in the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC boosted its position in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at $38,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in SoFi Technologies by 33.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company’s stock worth $68,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley increased their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Bank of America restated an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Needham & Company LLC raised their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.50.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares of the company’s stock, valued at $2,617,329.18. This represents a 5.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $1,308,075 in the last ninety days. Insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 2.4 %

SOFI stock opened at $11.91 on Wednesday. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $14.20 and a 200-day simple moving average of $13.31.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 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.