Strs Ohio Sells 15,896 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Strs Ohio lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.9% during the 4th quarter, Holdings Channel reports. The firm owned 98,778 shares of the company’s stock after selling 15,896 shares during the period. Strs Ohio’s holdings in SoFi Technologies were worth $982,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SOFI. Dynamic Advisor Solutions LLC increased its stake in SoFi Technologies by 24.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 22,542 shares of the company’s stock worth $180,000 after acquiring an additional 4,491 shares during the last quarter. AE Wealth Management LLC increased its stake in SoFi Technologies by 21.5% in the 3rd quarter. AE Wealth Management LLC now owns 111,637 shares of the company’s stock worth $892,000 after acquiring an additional 19,766 shares during the last quarter. DnB Asset Management AS bought a new stake in SoFi Technologies in the 3rd quarter worth approximately $789,000. SG Americas Securities LLC increased its stake in SoFi Technologies by 23.5% in the 3rd quarter. SG Americas Securities LLC now owns 34,436 shares of the company’s stock worth $275,000 after acquiring an additional 6,548 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in SoFi Technologies by 202.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 14,963 shares of the company’s stock worth $120,000 after acquiring an additional 10,013 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

SOFI opened at $7.58 on Wednesday. SoFi Technologies, Inc. has a 12-month low of $4.45 and a 12-month high of $11.70. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00. The business’s fifty day simple moving average is $7.69 and its 200-day simple moving average is $7.90. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of -19.95 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. The business had revenue of $615.40 million for the quarter, compared to the consensus estimate of $572.02 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue was up 34.7% compared to the same quarter last year. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the sale, the chief technology officer now owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SOFI. Needham & Company LLC started coverage on SoFi Technologies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $10.00 price objective on the stock. Morgan Stanley restated an “underweight” rating and set a $6.50 price target (down previously from $7.00) on shares of SoFi Technologies in a report on Wednesday, January 31st. Wedbush restated an “underperform” rating and set a $3.00 price target on shares of SoFi Technologies in a report on Wednesday, March 6th. Keefe, Bruyette & Woods upgraded SoFi Technologies from an “underperform” rating to a “market perform” rating and increased their price target for the company from $6.50 to $7.50 in a report on Friday, April 5th. Finally, Citigroup started coverage on SoFi Technologies in a report on Monday, April 8th. They set a “buy” rating and a $11.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $9.08.

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.