13,565 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,565 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of SOFI. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies in the third quarter valued at about $28,000. FNY Investment Advisers LLC increased its stake in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in SoFi Technologies in the 3rd quarter valued at about $47,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 64,991 shares of the firm’s stock in a transaction dated 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 transaction, the chief technology officer now directly owns 586,494 shares in the company, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 9,590 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the sale, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SOFI has been the subject of several research reports. UBS Group boosted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday. Citigroup boosted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price 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. Finally, Needham & Company LLC increased their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Down 1.1 %

SOFI stock opened at $15.99 on Thursday. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The firm has a market cap of $17.35 billion, a PE ratio of 159.92, a PEG ratio of 1.19 and a beta of 1.78. The firm’s 50 day moving average price is $15.81 and its 200-day moving average price is $11.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same period last year, the firm posted $0.04 EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current 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.