Gladstone Institutional Advisory LLC Has $590,000 Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Gladstone Institutional Advisory LLC decreased its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,327 shares of the company's stock after selling 21,783 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in SoFi Technologies were worth $590,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in SoFi Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after purchasing an additional 310,532 shares during the period. Geode Capital Management LLC raised its stake in SoFi Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock valued at $138,523,000 after acquiring an additional 358,806 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock valued at $48,306,000 after acquiring an additional 87,097 shares in the last quarter. Azora Capital LP raised its stake in shares of SoFi Technologies by 8.8% in the 3rd quarter. Azora Capital LP now owns 4,348,068 shares of the company's stock worth $34,176,000 after buying an additional 352,901 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of SoFi Technologies by 214.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock worth $30,971,000 after buying an additional 2,688,847 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

SOFI traded up $0.61 during midday trading on Tuesday, reaching $16.82. The company's stock had a trading volume of 36,548,467 shares, compared to its average volume of 43,600,910. The stock has a market cap of $18.25 billion, a P/E ratio of 45.71, a PEG ratio of 2.04 and a beta of 1.77. The company has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $12.01. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 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 period in the prior year, the company posted $0.04 earnings per share. Research analysts expect that SoFi Technologies, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 64,991 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the transaction, the chief technology officer now owns 586,494 shares in the company, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the transaction, the executive vice president now owns 187,725 shares of the company's stock, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America reaffirmed an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Barclays increased their price objective on SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley upped their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.