Perigon Wealth Management LLC Grows Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Perigon Wealth Management LLC lifted its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,307 shares of the company’s stock after purchasing an additional 2,047 shares during the quarter. Perigon Wealth Management LLC’s holdings in SoFi Technologies were worth $657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SOFI. Capital Performance Advisors LLP purchased a new stake in SoFi Technologies in the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC boosted its stake in shares of SoFi Technologies by 727.1% in the 4th 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. Waldron Private Wealth LLC bought a new position in shares of SoFi Technologies during the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in SoFi Technologies in the 3rd quarter worth $47,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $15.78 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company’s 50-day moving average is $15.84 and its 200 day moving average is $11.34. The stock has a market capitalization of $17.12 billion, a P/E ratio of 42.65, a P/E/G ratio of 2.15 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last posted its 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the business posted $0.04 EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of recent research reports. Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. UBS Group raised their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Mizuho lifted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.50.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the sale, the chief technology officer now directly owns 586,494 shares in the company, valued at approximately $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by corporate insiders.

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.