SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 99.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,900 shares of the company’s stock after acquiring an additional 9,900 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in SoFi Technologies were worth $306,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Hanseatic Management Services Inc. acquired a new stake in SoFi Technologies in the fourth quarter valued at $1,116,000. Kercheville Advisors LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth about $1,594,000. Charles Schwab Investment Management Inc. grew its stake in SoFi Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock valued at $48,306,000 after acquiring an additional 87,097 shares during the last quarter. Zacks Investment Management purchased a new position in SoFi Technologies during the 3rd quarter valued at about $3,766,000. Finally, Citizens Financial Group Inc. RI raised its position in SoFi Technologies by 41.5% during the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock worth $1,892,000 after acquiring an additional 70,603 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Down 5.7 %

Shares of SOFI stock opened at $14.67 on Friday. The firm’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $12.19. 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 1-year low of $6.01 and a 1-year high of $18.42. The firm has a market cap of $15.92 billion, a P/E ratio of 39.65, a PEG ratio of 2.33 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results 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 quarter in the prior year, the company earned $0.04 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Eric Schuppenhauer bought 30,600 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $16.34 per share, with a total value of $500,004.00. Following the purchase, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,008,465 shares of company stock worth $416,952,167. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on SOFI. Needham & Company LLC increased their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Citigroup increased their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Barclays boosted their price target on SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Mizuho boosted their target price 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. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $12.50.

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.