SoFi Technologies, Inc. (NASDAQ:SOFI) Holdings Lowered by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,125 shares of the company’s stock after selling 2,775 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in SoFi Technologies were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of SoFi Technologies by 93.8% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $31,000 after buying an additional 1,500 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $60,000. Private Trust Co. NA raised its holdings in shares of SoFi Technologies by 1,093.8% in the 4th quarter. Private Trust Co. NA now owns 7,640 shares of the company’s stock worth $76,000 after purchasing an additional 7,000 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $61,000. Finally, Clear Street Markets LLC bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $69,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Up 3.7 %

SOFI opened at $7.87 on Friday. The firm’s 50-day simple moving average is $7.64 and its 200-day simple moving average is $7.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04. SoFi Technologies, Inc. has a twelve month low of $4.45 and a twelve month high of $11.70. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of -20.71 and a beta of 1.75.

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

Wall Street Analyst Weigh In

SOFI has been the topic of several analyst reports. Mizuho dropped their target price on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Needham & Company LLC initiated coverage on shares of SoFi Technologies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $10.00 target price for the company. Citigroup started coverage on shares of SoFi Technologies in a research report on Monday, April 8th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of SoFi Technologies in a research note on Wednesday, January 10th. They issued a “hold” rating and a $11.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.08.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the sale, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

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.