SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 630,170 shares of the company's stock after selling 183,419 shares during the period. SoFi Technologies accounts for 0.5% of Diversify Advisory Services LLC's investment portfolio, making the stock its 29th biggest position. Diversify Advisory Services LLC owned approximately 0.06% of SoFi Technologies worth $8,917,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC increased its position in SoFi Technologies by 727.1% during the 4th 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 in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies in the third quarter valued at approximately $28,000. Waldron Private Wealth LLC purchased a new position in shares of SoFi Technologies during the third quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc boosted its position in SoFi Technologies by 63.5% during 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 during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on SOFI. Jefferies Financial Group boosted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Morgan Stanley lifted their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a report on Thursday, December 19th. Mizuho increased their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Bank of America restated an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.71.

SoFi Technologies Stock Up 1.2 %

NASDAQ:SOFI traded up $0.20 during trading hours on Monday, hitting $16.50. The stock had a trading volume of 40,249,333 shares, compared to its average volume of 36,048,924. The company has a market cap of $17.90 billion, a PE ratio of 165.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.78. The business has a 50 day simple moving average of $15.32 and a two-hundred day simple moving average of $10.69. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $17.19. 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 (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. 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 8.38% and a return on equity of 3.71%. The business had revenue of $697.10 million during the quarter, compared to analyst estimates of $631.59 million. During the same period last year, the business earned ($0.03) EPS. The business's revenue was up 29.8% on a year-over-year basis. Analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the firm's 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 directly owns 586,494 shares of the company's stock, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the sale, the executive vice president now directly owns 142,613 shares of the company's stock, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,999,956 shares of company stock valued at $416,793,365. 2.60% of the stock is currently owned by insiders.

About SoFi Technologies

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.