SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,963 shares of the company’s stock after acquiring an additional 1,974 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in SoFi Technologies were worth $457,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in SoFi Technologies by 23.5% in the 3rd quarter. SG Americas Securities LLC now owns 34,436 shares of the company’s stock valued at $275,000 after acquiring an additional 6,548 shares during the period. Commonwealth Equity Services LLC increased its position in shares of SoFi Technologies by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,075,755 shares of the company’s stock valued at $8,595,000 after buying an additional 123,289 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of SoFi Technologies by 102.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 495,839 shares of the company’s stock worth $3,962,000 after buying an additional 250,854 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of SoFi Technologies by 79.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 74,339 shares of the company’s stock worth $594,000 after buying an additional 32,861 shares during the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth about $190,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group reduced their price target on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 26th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a report on Tuesday, April 30th. Keefe, Bruyette & Woods raised SoFi Technologies from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $6.50 to $7.50 in a report on Friday, April 5th. Wedbush reaffirmed an “underperform” rating and set a $3.00 price objective on shares of SoFi Technologies in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average target price of $9.08.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of SoFi Technologies stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total transaction of $389,971.89. Following the transaction, the chief technology officer now owns 390,616 shares in the company, valued at approximately $2,706,968.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Anthony Noto bought 28,775 shares of the stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $6.90 per share, for a total transaction of $198,547.50. Following the completion of the purchase, the chief executive officer now owns 8,033,369 shares in the company, valued at $55,430,246.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total value of $389,971.89. Following the transaction, the chief technology officer now directly owns 390,616 shares in the company, valued at $2,706,968.88. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

SOFI stock opened at $7.16 on Tuesday. The stock has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $7.85. The company has a market cap of $6.99 billion, a PE ratio of -23.10 and a beta of 1.75. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00. SoFi Technologies, Inc. has a 12-month low of $4.45 and a 12-month high of $11.70.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, April 29th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. SoFi Technologies had a positive return on equity of 1.13% and a negative net margin of 8.21%. The business had revenue of $580.60 million during the quarter, compared to analysts’ expectations of $555.27 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current 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.