SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 286,461 shares of the company's stock after selling 89,304 shares during the period. EP Wealth Advisors LLC's holdings in SoFi Technologies were worth $4,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $27,000. Hollencrest Capital Management purchased a new position in shares of SoFi Technologies in the fourth quarter worth $31,000. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after acquiring an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in SoFi Technologies in the 4th quarter worth $38,000. Finally, Legacy Investment Solutions LLC lifted its stake in SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after purchasing an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

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

SoFi Technologies Trading Down 0.6 %

Shares of NASDAQ:SOFI traded down $0.08 on Friday, hitting $13.18. 53,113,102 shares of the company's stock were exchanged, compared to its average volume of 47,081,362. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The business's 50 day simple moving average is $11.89 and its two-hundred day simple moving average is $13.85.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The company had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. During the same period in the previous year, the company earned $0.02 EPS. The firm's quarterly revenue was up 32.7% on a year-over-year basis. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group boosted their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. JMP Securities initiated coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective for the company. Finally, Barclays boosted their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.38.

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.