SoFi Technologies, Inc. (NASDAQ:SOFI) Stake Cut by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC cut its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 48,497 shares of the company’s stock after selling 1,632 shares during the quarter. Pathway Financial Advisers LLC’s holdings in SoFi Technologies were worth $747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SOFI. MFG Wealth Management Inc. purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $1,885,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in SoFi Technologies during the fourth quarter valued at $196,000. Capital Advisors Inc. OK grew its stake in SoFi Technologies by 29.3% in the fourth quarter. Capital Advisors Inc. OK now owns 13,251 shares of the company’s stock valued at $204,000 after purchasing an additional 3,001 shares in the last quarter. Savant Capital LLC increased its position in SoFi Technologies by 4.0% in the 4th quarter. Savant Capital LLC now owns 42,392 shares of the company’s stock worth $653,000 after purchasing an additional 1,614 shares during the last quarter. Finally, Entropy Technologies LP raised its stake in shares of SoFi Technologies by 201.5% during the 4th quarter. Entropy Technologies LP now owns 333,426 shares of the company’s stock worth $5,135,000 after purchasing an additional 222,826 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research reports. Morgan Stanley increased their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. UBS Group raised their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Insider Activity

In other news, 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 transaction of $1,021,658.52. Following the sale, the chief technology officer now directly owns 586,494 shares in the company, valued at approximately $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % 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 valued at $416,950,073. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Down 0.4 %

Shares of SOFI stock opened at $14.77 on Thursday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $16.03 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The stock has a 50 day moving average of $15.70 and a 200-day moving average of $11.80.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $0.04 earnings per share. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.27 EPS for the current 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.