Stifel Financial Corp Sells 31,647 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Stifel Financial Corp decreased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 33.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,546 shares of the company’s stock after selling 31,647 shares during the quarter. Stifel Financial Corp’s holdings in SoFi Technologies were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of SoFi Technologies by 40.3% during the 4th quarter. GAMMA Investing LLC now owns 5,925 shares of the company’s stock valued at $91,000 after purchasing an additional 1,703 shares during the last quarter. Brookstone Capital Management lifted its position in shares of SoFi Technologies by 3.7% in the 4th quarter. Brookstone Capital Management now owns 63,137 shares of the company’s stock worth $972,000 after purchasing an additional 2,268 shares during the period. Wedmont Private Capital raised its stake in SoFi Technologies by 23.5% in the fourth quarter. Wedmont Private Capital now owns 18,315 shares of the company’s stock worth $259,000 after buying an additional 3,486 shares in the last quarter. Cooper Financial Group lifted its stake in shares of SoFi Technologies by 9.6% in the 4th quarter. Cooper Financial Group now owns 16,406 shares of the company’s stock valued at $253,000 after purchasing an additional 1,443 shares during the period. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of SoFi Technologies by 12.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 94,431 shares of the company’s stock valued at $1,454,000 after buying an additional 10,081 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SOFI shares. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. UBS Group raised their price objective on SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Citizens Jmp began coverage on shares of SoFi Technologies in a report on Friday, April 25th. They set an “outperform” rating and a $17.00 price target on the stock. Finally, Citigroup raised their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $14.38.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,172 shares of company stock valued at $1,271,115. Insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $13.18 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock has a 50 day moving average of $11.89 and a 200 day moving average of $13.83. The firm has a market cap of $14.45 billion, a PE ratio of 35.62, a PEG ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. SoFi Technologies’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal 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.