Victory Capital Management Inc. Has $4.05 Million Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Victory Capital Management Inc. boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 104.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 262,979 shares of the company's stock after purchasing an additional 134,318 shares during the period. Victory Capital Management Inc.'s holdings in SoFi Technologies were worth $4,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ring Mountain Capital LLC bought a new position in SoFi Technologies during the 4th quarter valued at about $159,000. Charles Schwab Investment Management Inc. lifted its holdings in SoFi Technologies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after purchasing an additional 167,780 shares during the last quarter. Bravias Capital Group LLC bought a new position in SoFi Technologies during the 4th quarter valued at about $230,000. SBI Securities Co. Ltd. bought a new position in SoFi Technologies during the 4th quarter valued at about $3,703,000. Finally, Jones Financial Companies Lllp lifted its holdings in SoFi Technologies by 20.4% during the 4th quarter. Jones Financial Companies Lllp now owns 217,061 shares of the company's stock valued at $3,343,000 after purchasing an additional 36,842 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SOFI has been the subject of several analyst reports. Bank of America reissued an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Needham & Company LLC raised their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods restated an "underperform" rating and issued 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 restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.50.

Remove Ads

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 64,991 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value 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 represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 9,185 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the transaction, the executive vice president now owns 169,626 shares of the company's stock, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,004 shares of company stock valued at $1,459,060. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 1.4 %

NASDAQ:SOFI traded up $0.17 during trading hours on Monday, hitting $12.26. The stock had a trading volume of 22,585,248 shares, compared to its average volume of 46,325,004. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 2.24 and a beta of 1.79. The business's 50 day moving average is $14.89 and its 200-day moving average is $12.89.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.04 earnings per share. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.