Firethorn Wealth Partners LLC Sells 87,492 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Firethorn Wealth Partners LLC decreased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 200,316 shares of the company’s stock after selling 87,492 shares during the quarter. SoFi Technologies accounts for approximately 1.5% of Firethorn Wealth Partners LLC’s holdings, making the stock its 16th biggest holding. Firethorn Wealth Partners LLC’s holdings in SoFi Technologies were worth $3,085,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hanseatic Management Services Inc. bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $1,116,000. Charles Schwab Investment Management Inc. lifted its position in SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock worth $48,306,000 after buying an additional 87,097 shares in the last quarter. Zacks Investment Management acquired a new position in SoFi Technologies during the 3rd quarter worth about $3,766,000. Citizens Financial Group Inc. RI lifted its position in SoFi Technologies by 41.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock worth $1,892,000 after buying an additional 70,603 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in SoFi Technologies by 214.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after buying an additional 2,688,847 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Down 0.6 %

Shares of SoFi Technologies stock opened at $17.92 on Friday. The stock has a market cap of $19.45 billion, a PE ratio of 179.22, a PEG ratio of 1.19 and a beta of 1.78. The firm has a 50-day moving average of $15.71 and a 200-day moving average of $11.02. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

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

Analyst Ratings Changes

SOFI has been the topic of a number of analyst reports. Mizuho increased their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup raised their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays raised their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Needham & Company LLC lifted their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.71.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Schuppenhauer bought 30,600 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the purchase, the executive vice president now owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. This represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last quarter. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies 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.