Kestra Private Wealth Services LLC lowered its stake in SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,336 shares of the company’s stock after selling 10,650 shares during the period. Kestra Private Wealth Services LLC’s holdings in SoFi Technologies were worth $561,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. WASHINGTON TRUST Co bought a new position in SoFi Technologies in the first quarter worth about $26,000. US Bancorp DE boosted its position in shares of SoFi Technologies by 197.0% during the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock valued at $28,000 after purchasing an additional 2,000 shares in the last quarter. Herold Advisors Inc. bought a new stake in shares of SoFi Technologies during the first quarter valued at approximately $29,000. SOA Wealth Advisors LLC. boosted its position in shares of SoFi Technologies by 113.3% during the first quarter. SOA Wealth Advisors LLC. now owns 3,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,700 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of SoFi Technologies by 1,372.5% during the first quarter. SRS Capital Advisors Inc. now owns 3,269 shares of the company’s stock valued at $31,000 after purchasing an additional 3,047 shares in the last quarter. 38.19% of the stock is owned by institutional investors.
SoFi Technologies Price Performance
SOFI opened at $6.05 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a market capitalization of $5.54 billion, a P/E ratio of -13.15 and a beta of 1.53. The company’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $7.03. SoFi Technologies, Inc. has a 52-week low of $4.82 and a 52-week high of $24.65.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Credit Suisse Group increased their price target on shares of SoFi Technologies from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Morgan Stanley boosted their price target on SoFi Technologies from $7.00 to $7.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 25th. Mizuho boosted their price target on SoFi Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Seaport Res Ptn reissued a “neutral” rating on shares of SoFi Technologies in a research report on Friday, September 9th. Finally, Bank of America upgraded SoFi Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.00 to $9.00 in a report on Wednesday, September 14th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.36.
Insiders Place Their Bets
In other SoFi Technologies news, major shareholder Group Corp Softbank sold 6,683,133 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $8.17, for a total value of $54,601,196.61. Following the transaction, the insider now owns 83,216,977 shares of the company’s stock, valued at $679,882,702.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by insiders.
SoFi Technologies Company Profile
SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
- Get a free copy of the StockNews.com research report on SoFi Technologies (SOFI)
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