Nwam LLC Acquires 4,531 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Nwam LLC increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,635 shares of the company’s stock after buying an additional 4,531 shares during the period. Nwam LLC’s holdings in SoFi Technologies were worth $687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SOFI. Raymond James & Associates boosted its holdings in SoFi Technologies by 2.1% in the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock worth $4,177,000 after buying an additional 11,062 shares during the period. International Assets Investment Management LLC boosted its holdings in SoFi Technologies by 1,159.5% in the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock worth $2,725,000 after buying an additional 319,148 shares during the period. Allworth Financial LP boosted its holdings in SoFi Technologies by 29.3% in the 3rd quarter. Allworth Financial LP now owns 15,187 shares of the company’s stock worth $119,000 after buying an additional 3,440 shares during the period. SteelPeak Wealth LLC bought a new position in SoFi Technologies in the 3rd quarter valued at $153,000. Finally, Rosenberg Matthew Hamilton boosted its holdings in SoFi Technologies by 11.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 12,026 shares of the company’s stock valued at $95,000 after purchasing an additional 1,226 shares during the period. 38.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SOFI. JPMorgan Chase & Co. raised their price target 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. Mizuho raised their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America reissued an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. 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. Finally, Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Stock Up 2.8 %

Shares of NASDAQ:SOFI opened at $14.47 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm has a market capitalization of $15.70 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. The firm has a fifty day moving average of $15.54 and a 200 day moving average of $12.46. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

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 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 period in the prior year, the firm earned $0.04 earnings per share. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of the business’s 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 completion of the sale, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at $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. Insiders sold 26,008,465 shares of company stock valued at $416,952,167 over the last three months. Insiders own 2.60% of the company’s stock.

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.