2 weeks Ago By ABMN Staff
Mercer Global Advisors Inc. ADV increased its position in shares of SoFi Technologies, Inc. ( NASDAQ:SOFI – Free Report ) by 7.
1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,401 shares of the company’s stock after buying an additional 4,661 shares during the period. Mercer Global Advisors Inc.
ADV’s holdings in SoFi Technologies were worth $465,000 as of its most recent filing with the SEC. A number of other hedge funds have also recently added to or reduced their stakes in SOFI. CIBC Private Wealth Group LLC raised its position in shares of SoFi Technologies by 2.
3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 65,785 shares of the company’s stock valued at $655,000 after buying an additional 1,498 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of SoFi Technologies by 0.
4% in the fourth quarter. EP Wealth Advisors LLC now owns 377,022 shares of the company’s stock valued at $3,751,000 after purchasing an additional 1,508 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of SoFi Technologies by 55.
3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after purchasing an additional 1,543 shares during the period. SOA Wealth Advisors LLC.
boosted its stake in SoFi Technologies by 61.2% during the first quarter. SOA Wealth Advisors LLC.
now owns 4,513 shares of the company’s stock worth $33,000 after buying an additional 1,713 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SoFi Technologies by 65.3% during the second quarter.
GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after buying an additional 1,981 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of SoFi Technologies from $7.50 to $7.
00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a research note on Wednesday, July 31st.
BTIG Research began coverage on shares of SoFi Technologies in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Barclays lowered their price objective on shares of SoFi Technologies from $10.
00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company.
According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average price target of $9.14.
Insider Activity In related news, EVP Kelli Keough sold 24,939 shares of SoFi Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total value of $181,057.
14. Following the transaction, the executive vice president now directly owns 114,407 shares in the company, valued at approximately $830,594.82.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In related news, EVP Kelli Keough sold 24,939 shares of SoFi Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $7.
26, for a total value of $181,057.14. Following the transaction, the executive vice president now directly owns 114,407 shares in the company, valued at approximately $830,594.
82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction on Friday, September 20th.
The shares were sold at an average price of $8.12, for a total transaction of $552,817.72.
Following the completion of the transaction, the chief technology officer now owns 521,505 shares in the company, valued at $4,234,620.60. The disclosure for this sale can be found here .
Insiders have sold 102,328 shares of company stock valued at $808,246 in the last ninety days. 2.60% of the stock is currently owned by company insiders.
SoFi Technologies Stock Up 2.4 % SOFI stock opened at $7.95 on Friday.
The company’s 50 day moving average is $7.37 and its two-hundred day moving average is $7.16.
The stock has a market cap of $8.40 billion, a P/E ratio of -25.65, a PEG ratio of 1.
60 and a beta of 1.70. SoFi Technologies, Inc.
has a twelve month low of $6.01 and a twelve month high of $10.49.
The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.
53. SoFi Technologies ( NASDAQ:SOFI – Get Free Report ) last announced its earnings results on Tuesday, July 30th. The company reported $0.
01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $598.
60 million for the quarter, compared to analysts’ expectations of $565.19 million. SoFi Technologies had a negative net margin of 5.
15% and a positive return on equity of 2.25%. The company’s quarterly revenue was up 20.
2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS.
Research analysts expect that SoFi Technologies, Inc. will post 0.1 earnings per share for the current fiscal year.
SoFi Technologies Company Profile ( Free Report ) 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.
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