SoFi Technologies, Inc. (NASDAQ:SOFI) Stake Lessened by Cerity Partners LLC

Cerity Partners LLC cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,619 shares of the company's stock after selling 197,752 shares during the quarter. Cerity Partners LLC's holdings in SoFi Technologies were worth $7,763,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of SoFi Technologies by 154.8% during the 3rd quarter. FMR LLC now owns 92,632 shares of the company's stock worth $728,000 after buying an additional 56,279 shares during the period. Captrust Financial Advisors grew its position in shares of SoFi Technologies by 2.8% in the third quarter. Captrust Financial Advisors now owns 29,639 shares of the company's stock valued at $233,000 after purchasing an additional 809 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of SoFi Technologies by 79.8% during the third quarter. Integrated Wealth Concepts LLC now owns 34,467 shares of the company's stock worth $271,000 after purchasing an additional 15,301 shares in the last quarter. State Street Corp increased its stake in SoFi Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 18,062,855 shares of the company's stock worth $141,974,000 after buying an additional 310,532 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of SoFi Technologies by 255.6% during the third quarter. Wellington Management Group LLP now owns 25,305 shares of the company's stock valued at $199,000 after acquiring an additional 41,565 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Morgan Stanley upped their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. 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 report on Tuesday, January 14th. Finally, William Blair restated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and a consensus price target of $12.50.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the transaction, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This represents a 5.14 % 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 Down 1.6 %

Shares of SoFi Technologies stock traded down $0.18 during trading hours on Wednesday, hitting $10.76. The company's stock had a trading volume of 7,122,181 shares, compared to its average volume of 49,071,523. 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 company has a market capitalization of $11.80 billion, a PE ratio of 29.09, a P/E/G ratio of 2.24 and a beta of 1.86. The business has a fifty day moving average of $12.85 and a 200 day moving average of $13.46. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (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 last year, the company earned $0.04 earnings per share. As a group, equities 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.