Nations Financial Group Inc. IA ADV Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Nations Financial Group Inc. IA ADV acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 296,172 shares of the company's stock, valued at approximately $4,561,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in SoFi Technologies during the third quarter valued at about $28,000. FNY Investment Advisers LLC grew its holdings in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares during the period. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the third quarter valued at about $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in SoFi Technologies during the third quarter valued at about $47,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

Shares of SOFI stock traded up $0.62 on Tuesday, reaching $16.83. 53,646,174 shares of the company were exchanged, compared to its average volume of 44,185,316. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 2.04 and a beta of 1.77. The business has a 50-day moving average price of $15.73 and a 200 day moving average price of $12.08. 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, 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 released its earnings results 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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the company earned $0.04 earnings per share. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the subject of several recent research reports. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Bank of America reaffirmed an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Jefferies Financial Group boosted 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, UBS Group upped their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

Insider Activity at SoFi Technologies

In other 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 value of $138,969.26. Following the completion of the sale, the executive vice president now owns 187,725 shares of the company's stock, valued at $2,926,632.75. This represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of SoFi Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares of the company's stock, valued at $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders 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 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.