SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,436 shares of the company’s stock after acquiring an additional 1,496 shares during the period. Yousif Capital Management LLC’s holdings in SoFi Technologies were worth $192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. grew its position in shares of SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company’s stock worth $9,131,000 after acquiring an additional 67,779 shares in the last quarter. Wealthspan Partners LLC raised its stake in shares of SoFi Technologies by 15.5% in the 4th quarter. Wealthspan Partners LLC now owns 19,761 shares of the company’s stock worth $304,000 after buying an additional 2,645 shares in the last quarter. River Street Advisors LLC boosted its position in shares of SoFi Technologies by 9.9% during the 4th quarter. River Street Advisors LLC now owns 63,023 shares of the company’s stock valued at $971,000 after purchasing an additional 5,654 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in SoFi Technologies in the fourth quarter worth approximately $192,000. Finally, Spire Wealth Management boosted its position in shares of SoFi Technologies by 7.6% in the 4th quarter. Spire Wealth Management now owns 79,376 shares of the company’s stock valued at $1,222,000 after purchasing an additional 5,594 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bashir Ruzwana sold 52,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares in the company, valued at $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SOFI shares. Citigroup increased their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. 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 report on Tuesday, October 29th. The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Four equities 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.com, the company has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $16.21 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 2.04 and a beta of 1.77. The stock has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $12.01. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $0.04 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.27 earnings per share 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.