SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 494.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,256 shares of the company's stock after buying an additional 75,069 shares during the period. Allworth Financial LP's holdings in SoFi Technologies were worth $1,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after purchasing an additional 1,905 shares during the period. Capital Performance Advisors LLP bought a new stake in SoFi Technologies during the third quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the third quarter worth about $28,000. Waldron Private Wealth LLC acquired a new stake in SoFi Technologies in the third quarter worth about $39,000. Finally, AdvisorNet Financial Inc boosted its holdings in SoFi Technologies by 63.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock worth $84,000 after acquiring an additional 2,130 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Buying and Selling

In related news, EVP Eric Schuppenhauer purchased 30,600 shares of the business's stock in a transaction dated Monday, December 16th. The stock was 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 of the company's stock, valued at $753,355.70. This trade represents a 197.36 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bashir Ruzwana sold 52,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the transaction, the director now owns 25,937 shares of the company's stock, valued at $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. Insiders sold a total of 25,999,280 shares of company stock worth $416,810,442 in the last 90 days. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SOFI. UBS Group lifted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Needham & Company LLC lifted their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Trading Down 5.7 %

Shares of SoFi Technologies stock traded down $0.89 during trading hours on Friday, hitting $14.67. The company's stock had a trading volume of 54,520,515 shares, compared to its average volume of 44,443,715. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The firm has a fifty day moving average of $15.73 and a 200-day moving average of $12.13. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 2.33 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Monday, January 27th. 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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the prior year, the company posted $0.04 EPS. Research analysts forecast 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.