Focus Partners Wealth Boosts Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Focus Partners Wealth increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 301,511 shares of the company's stock after buying an additional 31,551 shares during the period. Focus Partners Wealth's holdings in SoFi Technologies were worth $4,643,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SOFI. Brookstone Capital Management increased its holdings in SoFi Technologies by 3.7% during the fourth quarter. Brookstone Capital Management now owns 63,137 shares of the company's stock worth $972,000 after buying an additional 2,268 shares during the last quarter. Wedmont Private Capital increased its holdings in SoFi Technologies by 23.5% during 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 during the last quarter. Cooper Financial Group increased its holdings in SoFi Technologies by 9.6% during the fourth quarter. Cooper Financial Group now owns 16,406 shares of the company's stock worth $253,000 after buying an additional 1,443 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in SoFi Technologies by 12.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 94,431 shares of the company's stock worth $1,454,000 after buying an additional 10,081 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in SoFi Technologies by 113.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 30,201 shares of the company's stock worth $465,000 after buying an additional 16,084 shares during 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 other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were 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 in the company, valued at $8,280,691.52. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred 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 sale, the executive vice president now owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. The trade was a 5.14% 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 worth $1,271,115 over the last three months. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SOFI. Barclays raised their price objective 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. The Goldman Sachs Group lifted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, JMP Securities assumed coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.38.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $14.03 on Thursday. The company has a 50 day moving average of $11.97 and a 200 day moving average of $13.90. The stock has a market cap of $15.38 billion, a P/E ratio of 37.92, a P/E/G 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 current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.

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