OneDigital Investment Advisors LLC Raises Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

OneDigital Investment Advisors LLC boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 30.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,498 shares of the company’s stock after buying an additional 5,650 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in SoFi Technologies were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC boosted its holdings in 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 in the last quarter. Waldron Private Wealth LLC purchased a new position in SoFi Technologies during the 3rd quarter valued at $39,000. GAMMA Investing LLC raised its holdings in SoFi Technologies by 65.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after purchasing an additional 1,981 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in SoFi Technologies in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Up 3.9 %

SOFI stock opened at $15.60 on Friday. The business has a 50 day moving average of $10.44 and a 200 day moving average of $8.21. The firm has a market cap of $16.93 billion, a PE ratio of 156.02, a price-to-earnings-growth ratio of 2.50 and a beta of 1.60. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $15.75. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $697.10 million during the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of research reports. Needham & Company LLC lifted their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Mizuho lifted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Barclays upped their price target on SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.80.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,308 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $10.36, for a total transaction of $96,430.88. Following the sale, the executive vice president now directly owns 152,203 shares of the company’s stock, valued at $1,576,823.08. This trade represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the completion of the sale, the chief technology officer now owns 521,505 shares of the company’s stock, valued at $4,234,620.60. The trade was a 11.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,287 shares of company stock worth $863,250. 2.60% of the stock is owned by corporate insiders.

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.