Highview Capital Management LLC DE Acquires New Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Highview Capital Management LLC DE acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 74,782 shares of the company's stock, valued at approximately $1,152,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC grew its holdings in shares of SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after acquiring an additional 1,000 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of SoFi Technologies in the fourth quarter valued at about $169,000. Allworth Financial LP lifted its position in shares of SoFi Technologies by 494.3% in the fourth quarter. Allworth Financial LP now owns 90,256 shares of the company's stock worth $1,390,000 after buying an additional 75,069 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of SoFi Technologies in the fourth quarter worth about $4,561,000. Finally, Rhumbline Advisers increased its stake in SoFi Technologies by 3.8% during the fourth quarter. Rhumbline Advisers now owns 1,033,602 shares of the company's stock worth $15,917,000 after acquiring an additional 37,892 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction on Thursday, December 19th. The shares were 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 approximately $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,999,280 shares of company stock worth $416,810,442. 2.60% of the stock is owned by company insiders.

SoFi Technologies Stock Down 3.8 %

Shares of SoFi Technologies stock traded down $0.62 during trading on Thursday, hitting $15.56. 50,908,876 shares of the stock were exchanged, compared to its average volume of 44,134,016. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.77. The firm's 50-day moving average price is $15.73 and its 200 day moving average price is $12.13. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. 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 (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the firm earned $0.04 earnings per share. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SOFI. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Barclays boosted 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 company a "buy" rating in a research note on Tuesday, October 29th. UBS Group upped their target price on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group upped their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.