International Assets Investment Management LLC Has $174,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

International Assets Investment Management LLC lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,125 shares of the company’s stock after selling 1,550 shares during the quarter. International Assets Investment Management LLC’s holdings in SoFi Technologies were worth $174,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SOFI. GAMMA Investing LLC acquired a new position in SoFi Technologies during the 4th quarter worth approximately $27,000. Westside Investment Management Inc. boosted its position in SoFi Technologies by 93.8% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $31,000 after acquiring an additional 1,500 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in SoFi Technologies by 61.2% during the 1st quarter. SOA Wealth Advisors LLC. now owns 4,513 shares of the company’s stock worth $33,000 after acquiring an additional 1,713 shares during the last quarter. Tortoise Investment Management LLC acquired a new position in SoFi Technologies during the 4th quarter worth approximately $39,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in SoFi Technologies during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analysts Set New Price Targets

SOFI has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft cut their price objective on SoFi Technologies from $12.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Citigroup initiated coverage on SoFi Technologies in a report on Monday, April 8th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Wedbush reissued an “underperform” rating and issued a $3.00 price objective on shares of SoFi Technologies in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.32.

SoFi Technologies Stock Up 0.2 %

SOFI stock opened at $6.46 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.24. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of -20.84, a PEG ratio of 1.49 and a beta of 1.72. The business’s fifty day moving average price is $6.96 and its two-hundred day moving average price is $7.72. SoFi Technologies, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $11.70.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $580.60 million for the quarter, compared to analysts’ expectations of $555.27 million. SoFi Technologies had a positive return on equity of 1.10% and a negative net margin of 8.21%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.08 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $6.41, for a total transaction of $360,709.93. Following the sale, the chief technology officer now directly owns 453,464 shares of the company’s stock, valued at approximately $2,906,704.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Anthony Noto bought 28,900 shares of SoFi Technologies stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $6.92 per share, with a total value of $199,988.00. Following the acquisition, the chief executive officer now owns 8,062,269 shares in the company, valued at approximately $55,790,901.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $6.41, for a total value of $360,709.93. Following the sale, the chief technology officer now directly owns 453,464 shares in the company, valued at $2,906,704.24. The disclosure for this sale can be found here. In the last three months, insiders have purchased 88,390 shares of company stock valued at $597,569. 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.