SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,425 shares of the company’s stock after acquiring an additional 3,766 shares during the quarter. Oak Thistle LLC’s holdings in SoFi Technologies were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SOFI. US Bancorp DE raised its stake in SoFi Technologies by 197.0% during the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock worth $28,000 after purchasing an additional 2,000 shares during the period. Westside Investment Management Inc. raised its stake in shares of SoFi Technologies by 93.8% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $31,000 after acquiring an additional 1,500 shares during the period. Advisors Asset Management Inc. purchased a new stake in SoFi Technologies during the 1st quarter worth approximately $36,000. Lazard Asset Management LLC increased its stake in SoFi Technologies by 116.0% during the 3rd quarter. Lazard Asset Management LLC now owns 5,185 shares of the company’s stock worth $41,000 after buying an additional 2,785 shares during the period. Finally, American International Group Inc. acquired a new position in SoFi Technologies during the 2nd quarter worth approximately $44,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,706,968.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SoFi Technologies in a research report on Wednesday, January 10th. They issued a “hold” rating and a $11.00 price target for the company. Mizuho reduced their price target on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Wedbush restated an “underperform” rating and set a $3.00 price objective on shares of SoFi Technologies in a research report on Wednesday, March 6th. Finally, Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down previously from $7.00) on shares of SoFi Technologies in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.97.

Check Out Our Latest Analysis on SOFI

SoFi Technologies Stock Performance

Shares of SOFI opened at $7.20 on Wednesday. The company has a market capitalization of $7.03 billion, a PE ratio of -18.95 and a beta of 1.75. SoFi Technologies, Inc. has a 52-week low of $4.45 and a 52-week high of $11.70. The company has a 50-day simple moving average of $7.86 and a 200-day simple moving average of $7.95. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last issued its quarterly earnings data on Monday, January 29th. The company reported $0.02 EPS for the quarter. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The firm’s revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.07 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.

Further Reading

Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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