Prospect Financial Services LLC Acquires Shares of 11,700 SoFi Technologies, Inc. (NASDAQ:SOFI)

Prospect Financial Services LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,700 shares of the company’s stock, valued at approximately $180,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the 3rd quarter valued at approximately $28,000. FNY Investment Advisers LLC raised its position in shares of SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new position in SoFi Technologies during the third quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in SoFi Technologies in the third quarter worth $47,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the transaction, the executive vice president now owns 187,725 shares in the company, valued at $2,926,632.75. This represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric Schuppenhauer bought 30,600 shares of the stock in a transaction on Monday, December 16th. The stock was purchased 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 approximately $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SOFI. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Citigroup boosted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average target price of $12.29.

SoFi Technologies Stock Down 10.3 %

SoFi Technologies stock opened at $16.08 on Tuesday. The company’s 50-day moving average price is $15.75 and its two-hundred day moving average price is $11.15. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 160.82, a PEG ratio of 1.19 and a beta of 1.78. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping 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 quarter in the previous year, the business earned $0.04 EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal 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.