SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,200 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in SoFi Technologies were worth $128,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies during the 3rd quarter valued at $28,000. FNY Investment Advisers LLC grew its holdings in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after buying an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in SoFi Technologies during the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of SoFi Technologies during the 3rd quarter worth $47,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the sale, the director now directly owns 25,937 shares in the company, valued at approximately $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,008,870 shares of company stock valued at $416,950,073. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

SOFI opened at $16.21 on Friday. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The business has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $11.91.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 period in the prior year, the business earned $0.04 earnings per share. Research analysts predict that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SOFI. Bank of America reissued an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Jefferies Financial Group raised their target price 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 company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average 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.