SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 630,170 shares of the company’s stock after selling 183,419 shares during the period. SoFi Technologies comprises approximately 0.5% of Diversify Advisory Services LLC’s investment portfolio, making the stock its 29th biggest position. Diversify Advisory Services LLC owned approximately 0.06% of SoFi Technologies worth $8,917,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors grew its stake in SoFi Technologies by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock valued at $233,000 after acquiring an additional 809 shares during the period. Summit Trail Advisors LLC lifted its stake in SoFi Technologies by 0.3% in the 3rd quarter. Summit Trail Advisors LLC now owns 280,464 shares of the company’s stock valued at $2,204,000 after buying an additional 855 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in SoFi Technologies by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 28,409 shares of the company’s stock worth $223,000 after buying an additional 962 shares during the last quarter. Oak Harbor Wealth Partners LLC increased its stake in SoFi Technologies by 10.0% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 11,000 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares in the last quarter. Finally, Procyon Advisors LLC raised its stake in SoFi Technologies by 8.0% in the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company’s stock valued at $208,000 after purchasing an additional 1,000 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SOFI shares. Morgan Stanley increased their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Mizuho lifted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America reissued an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.71.

SoFi Technologies Trading Up 1.2 %

SOFI opened at $16.50 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $17.90 billion, a P/E ratio of 165.02, a P/E/G ratio of 0.96 and a beta of 1.78. The business has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $10.69. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $17.19.

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

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the transaction, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 25,999,956 shares of company stock worth $416,793,365 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

About SoFi Technologies

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.