Calton & Associates Inc. Acquires 3,520 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Calton & Associates Inc. increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,520 shares of the company’s stock after buying an additional 3,520 shares during the period. Calton & Associates Inc.’s holdings in SoFi Technologies were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SOFI. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 76,402,753 shares of the company’s stock valued at $610,458,000 after purchasing an additional 2,567,797 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its holdings in SoFi Technologies by 18.0% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 390,098 shares of the company’s stock valued at $3,117,000 after purchasing an additional 59,412 shares during the period. Hartline Investment Corp boosted its holdings in SoFi Technologies by 3.4% in the 3rd quarter. Hartline Investment Corp now owns 865,756 shares of the company’s stock valued at $6,917,000 after purchasing an additional 28,115 shares during the period. Victory Capital Management Inc. boosted its holdings in SoFi Technologies by 15.3% in the 3rd quarter. Victory Capital Management Inc. now owns 96,052 shares of the company’s stock valued at $767,000 after purchasing an additional 12,741 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in SoFi Technologies by 6.9% in the 3rd quarter. Harbour Investments Inc. now owns 57,640 shares of the company’s stock valued at $461,000 after purchasing an additional 3,727 shares during the period. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SOFI. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of SoFi Technologies in a report on Tuesday, April 30th. Wedbush reaffirmed an “underperform” rating and set a $3.00 price objective on shares of SoFi Technologies in a report on Tuesday, April 30th. Mizuho dropped their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of SoFi Technologies from $12.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down from $7.00) on shares of SoFi Technologies in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.08.

View Our Latest Stock Analysis on SoFi Technologies

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total transaction of $389,971.89. Following the sale, the chief technology officer now owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Anthony Noto bought 28,775 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $6.90 per share, for a total transaction of $198,547.50. Following the completion of the purchase, the chief executive officer now owns 8,033,369 shares in the company, valued at approximately $55,430,246.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the completion of the transaction, the chief technology officer now owns 390,616 shares in the company, valued at approximately $2,706,968.88. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Down 1.7 %

NASDAQ:SOFI traded down $0.12 during mid-day trading on Friday, hitting $6.94. 29,080,764 shares of the company’s stock were exchanged, compared to its average volume of 49,244,912. SoFi Technologies, Inc. has a one year low of $4.45 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.23. The business has a fifty day moving average price of $7.32 and a 200 day moving average price of $7.83. The company has a market cap of $6.78 billion, a PE ratio of -22.39 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. SoFi Technologies had a negative net margin of 8.21% and a positive return on equity of 1.10%. The business had revenue of $580.60 million for the quarter, compared to analyst estimates of $555.27 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. SoFi Technologies’s quarterly revenue was up 26.2% on a year-over-year basis. Equities analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current year.

About SoFi Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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