Soltis Investment Advisors LLC Has $676,000 Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Soltis Investment Advisors LLC cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 62.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,880 shares of the company's stock after selling 72,372 shares during the period. Soltis Investment Advisors LLC's holdings in SoFi Technologies were worth $676,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hanseatic Management Services Inc. acquired a new stake in SoFi Technologies in the fourth quarter worth $1,116,000. Kercheville Advisors LLC bought a new stake in shares of SoFi Technologies during the fourth quarter worth $1,594,000. Charles Schwab Investment Management Inc. increased its position in shares of SoFi Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock worth $48,306,000 after acquiring an additional 87,097 shares in the last quarter. Zacks Investment Management bought a new stake in shares of SoFi Technologies during the third quarter worth $3,766,000. Finally, Citizens Financial Group Inc. RI increased its position in shares of SoFi Technologies by 41.5% during the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company's stock worth $1,892,000 after acquiring an additional 70,603 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

SOFI stock traded up $1.02 during trading hours on Friday, reaching $16.21. The stock had a trading volume of 63,149,894 shares, compared to its average volume of 43,865,789. The stock has a market capitalization of $17.59 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock has a 50-day simple moving average of $15.69 and a 200 day simple moving average of $11.88. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS 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 company earned $0.04 earnings per share. Analysts predict that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Jefferies Financial Group increased their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of "Hold" and a consensus target price of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the sale, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bashir Ruzwana sold 52,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the sale, the director now owns 25,937 shares of the company's stock, valued at approximately $415,510.74. This represents a 66.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last quarter. 2.60% of the stock is currently owned by insiders.

SoFi Technologies 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.