Creekmur Asset Management LLC Boosts Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Creekmur Asset Management LLC increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 7,151.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,715 shares of the company's stock after buying an additional 28,319 shares during the period. Creekmur Asset Management LLC's holdings in SoFi Technologies were worth $442,000 at the end of the most recent reporting period.

Several 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 shares of SoFi Technologies in the 4th quarter valued at $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies in the fourth quarter valued at $31,000. FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of SoFi Technologies during the fourth quarter valued at about $38,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of SoFi Technologies by 33.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SOFI shares. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Citigroup upped their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Bank of America reaffirmed an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.50.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the transaction, the executive vice president now owns 226,210 shares in the company, valued at $2,877,391.20. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the business's 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 approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $1,308,075 over the last ninety days. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded down $1.07 during midday trading on Friday, reaching $9.57. The company had a trading volume of 89,420,582 shares, compared to its average volume of 45,451,428. The stock has a market cap of $10.49 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.24 and a beta of 1.86. The company's 50 day moving average price is $13.78 and its 200 day moving average price is $13.30. 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, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same period in the previous year, the business earned $0.04 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 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.