SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,581 shares of the company’s stock after purchasing an additional 1,081 shares during the quarter. NBC Securities Inc.’s holdings in SoFi Technologies were worth $75,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of SoFi Technologies in the 1st quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of SoFi Technologies by 55.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after acquiring an additional 1,543 shares during the period. GAMMA Investing LLC grew its position in shares of SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after acquiring an additional 1,981 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of SoFi Technologies in the 1st quarter valued at $37,000. Finally, Blue Trust Inc. raised its position in SoFi Technologies by 783.5% in the 2nd quarter. Blue Trust Inc. now owns 8,102 shares of the company’s stock valued at $59,000 after purchasing an additional 7,185 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SOFI has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of SoFi Technologies in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered their price target on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays reduced their price objective on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.25.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 24,939 shares of SoFi Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the sale, the executive vice president now directly owns 114,407 shares in the company, valued at approximately $830,594.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kelli Keough sold 24,939 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total value of $181,057.14. Following the completion of the transaction, the executive vice president now directly owns 114,407 shares of the company’s stock, valued at $830,594.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction on Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now directly owns 521,505 shares of the company’s stock, valued at approximately $4,234,620.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,328 shares of company stock worth $808,246. 2.60% of the stock is owned by company insiders.

SoFi Technologies Stock Up 3.1 %

SoFi Technologies stock opened at $10.18 on Monday. The stock’s 50 day moving average price is $7.92 and its 200 day moving average price is $7.32. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $10.49. The company has a market cap of $10.76 billion, a PE ratio of -32.84, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The company had revenue of $598.60 million during the quarter, compared to the consensus estimate of $565.19 million. During the same quarter last year, the company earned ($0.06) earnings per share. SoFi Technologies’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.1 EPS for the current fiscal 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.