Wealthspan Partners LLC Has $304,000 Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Wealthspan Partners LLC grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 15.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,761 shares of the company’s stock after buying an additional 2,645 shares during the quarter. Wealthspan Partners LLC’s holdings in SoFi Technologies were worth $304,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% in the 4th 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 during the period. Capital Performance Advisors LLP bought a new stake in shares of SoFi Technologies in the third quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies during the third quarter worth about $28,000. Waldron Private Wealth LLC bought a new position in shares of SoFi Technologies during the third quarter worth about $39,000. Finally, AdvisorNet Financial Inc raised its position in SoFi Technologies by 63.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after buying an additional 2,130 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $15.78 on Monday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock has a 50 day moving average of $15.84 and a 200-day moving average of $11.39. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $17.12 billion, a P/E ratio of 42.65, a P/E/G ratio of 2.12 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 net margin of 18.64% and a return on equity of 3.82%. During the same period in the prior year, the company earned $0.04 EPS. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SOFI shares. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Mizuho lifted their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Eric Schuppenhauer acquired 30,600 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the purchase, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at $753,355.70. This trade represents a 197.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing 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 stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares in the company, 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 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Insiders own 2.60% of the company’s stock.

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.