SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Tradition Wealth Management LLC

Tradition Wealth Management LLC lifted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,533 shares of the company’s stock after purchasing an additional 1,880 shares during the period. Tradition Wealth Management LLC’s holdings in SoFi Technologies were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SOFI. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies during the third quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in SoFi Technologies during the third quarter valued at about $28,000. Allspring Global Investments Holdings LLC lifted its stake in SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after buying an additional 1,543 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of SoFi Technologies by 65.3% in the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after buying an additional 1,981 shares during the period. Finally, Waldron Private Wealth LLC purchased a new position in shares of SoFi Technologies in the third quarter worth approximately $39,000. 38.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction, the chief technology officer now directly owns 521,505 shares in the company, valued at approximately $4,234,620.60. The trade was a 11.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the sale, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. The trade was a 6.30 % decrease in their position. 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 currently owned by insiders.

Analysts Set New Price Targets

SOFI has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Needham & Company LLC raised their price objective on SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted 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 increased their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average target price of $9.80.

SoFi Technologies Stock Performance

Shares of SOFI opened at $16.41 on Monday. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 164.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.60. The company’s fifty day moving average is $11.23 and its 200-day moving average is $8.52. 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, Inc. has a 12 month low of $6.01 and a 12 month high of $16.61.

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

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.