12,647 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,647 shares of the company’s stock, valued at approximately $195,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies in the third quarter valued at $28,000. FNY Investment Advisers LLC lifted its holdings in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of SoFi Technologies in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SOFI shares. The Goldman Sachs Group upped their price target on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Barclays upped their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Four 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. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $11.71.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at $753,355.70. This trade represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last 90 days. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 2.5 %

NASDAQ:SOFI opened at $18.03 on Friday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.21. 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 stock’s 50 day simple moving average is $15.62 and its 200-day simple moving average is $10.94. The firm has a market cap of $19.57 billion, a P/E ratio of 180.32, a PEG ratio of 1.21 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. SoFi Technologies’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

SoFi Technologies 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.