Evolution Wealth Advisors LLC Makes New $235,000 Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Evolution Wealth Advisors LLC purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 15,230 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also bought and sold shares of SOFI. Dimensional Fund Advisors LP increased its stake in SoFi Technologies by 263.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after buying an additional 9,482,683 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of SoFi Technologies by 7.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock valued at $465,000 after purchasing an additional 4,661 shares in the last quarter. Amalgamated Bank grew its position in shares of SoFi Technologies by 10.7% during the second quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock valued at $387,000 after purchasing an additional 5,661 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of SoFi Technologies by 337.6% during the second quarter. Hsbc Holdings PLC now owns 719,243 shares of the company’s stock valued at $4,715,000 after purchasing an additional 554,866 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock valued at $585,000 after purchasing an additional 86,545 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SOFI shares. Mizuho lifted their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group raised their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Citigroup lifted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $11.71.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now owns 187,725 shares in the company, valued at approximately $2,926,632.75. This represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $16.34 per share, with a total value of $500,004.00. Following the transaction, the executive vice president now owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 25,999,956 shares of company stock worth $416,793,365 over the last three months. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $17.59 on Thursday. The firm has a market capitalization of $19.09 billion, a P/E ratio of 175.92, a P/E/G ratio of 1.21 and a beta of 1.78. 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 12-month low of $6.01 and a 12-month high of $18.10. The firm’s fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $10.89.

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

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.