Future Financial Wealth Managment LLC Sells 1,610 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Future Financial Wealth Managment LLC lessened its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the company’s stock after selling 1,610 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in SoFi Technologies were worth $208,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in SoFi Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies in the 3rd quarter valued at $28,000. Waldron Private Wealth LLC purchased a new stake in shares of SoFi Technologies in the 3rd quarter valued at $39,000. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of SoFi Technologies in the 3rd quarter valued at $47,000. Finally, Richmond Brothers Inc. purchased a new stake in shares of SoFi Technologies in the 2nd quarter valued at $67,000. Institutional investors own 38.43% of the company’s stock.

Analysts Set New Price Targets

SOFI has been the topic of several recent research reports. Mizuho upped their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC increased their price target on SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley raised their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group raised their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.13.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of SoFi Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,009,264 shares of company stock valued at $416,889,795 over the last quarter. 2.60% of the stock is owned by insiders.

SoFi Technologies Trading Down 1.7 %

SOFI stock traded down $0.24 during midday trading on Monday, hitting $13.91. 21,941,228 shares of the company’s stock were exchanged, compared to its average volume of 38,909,664. The business has a 50-day simple moving average of $14.96 and a two-hundred day simple moving average of $10.38. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $15.09 billion, a PE ratio of 139.11, a P/E/G ratio of 2.70 and a beta of 1.78. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $17.19.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.12 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.