SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 7,151.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,715 shares of the company’s stock after buying an additional 28,319 shares during the quarter. Creekmur Asset Management LLC’s holdings in SoFi Technologies were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Vanguard Group Inc. boosted its holdings in shares of SoFi Technologies by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock valued at $1,514,390,000 after acquiring an additional 8,898,879 shares in the last quarter. State Street Corp boosted its stake in SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company’s stock valued at $141,974,000 after buying an additional 310,532 shares in the last quarter. Geode Capital Management LLC grew its holdings in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company’s stock worth $276,288,000 after acquiring an additional 315,899 shares during the period. Norges Bank bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $103,678,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SoFi Technologies by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company’s stock worth $97,230,000 after purchasing an additional 167,780 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $11.91 on Wednesday. The stock’s fifty day moving average is $14.20 and its 200-day moving average is $13.31. 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, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a market capitalization of $13.06 billion, a PE ratio of 32.19, 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 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the business posted $0.04 EPS. Equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 11,181 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,905 shares of company stock worth $1,308,075. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SOFI shares. Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Morgan Stanley boosted their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Bank of America reiterated an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.50.

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.