SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.9% during the fourth quarter, Holdings Channel reports. The fund owned 69,715 shares of the company’s stock after selling 23,098 shares during the quarter. SoFi Technologies comprises approximately 0.5% of Lakeshore Financial Planning Inc.’s investment portfolio, making the stock its 21st largest position. Lakeshore Financial Planning Inc.’s holdings in SoFi Technologies were worth $1,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies during the third quarter valued at approximately $28,000. Hollencrest Capital Management acquired a new position in SoFi Technologies during the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the last quarter. Finally, IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $38,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 0.7 %

Shares of NASDAQ:SOFI opened at $12.64 on Friday. The firm has a fifty day moving average price of $14.70 and a two-hundred day moving average price of $12.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 business posted $0.04 earnings per share. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Bank of America restated an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the sale, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 27,013 shares of company stock valued at $437,402. 2.60% of the stock is currently owned by company 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.