SLT Holdings LLC Purchases Shares of 14,163 SoFi Technologies, Inc. (NASDAQ:SOFI)

SLT Holdings LLC purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,163 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SOFI. Capital Performance Advisors LLP bought a new position in SoFi Technologies during the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at $28,000. FNY Investment Advisers LLC lifted its position in shares of SoFi Technologies by 727.1% during the 4th 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 during the last quarter. SouthState Corp acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at $67,000. Finally, Huntington National Bank lifted its position in shares of SoFi Technologies by 442.0% during the 3rd quarter. Huntington National Bank now owns 8,856 shares of the company’s stock valued at $70,000 after acquiring an additional 7,222 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SOFI. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Citigroup increased their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Needham & Company LLC increased their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.50.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the transaction, the chief technology officer now directly owns 586,494 shares in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,004 shares of company stock valued at $2,292,100 over the last three months. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Trading Up 1.1 %

NASDAQ SOFI opened at $12.59 on Friday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year 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. The company has a market capitalization of $13.81 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The firm’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $12.71.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping 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 prior year, the firm earned $0.04 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share 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.