SoFi Technologies, Inc. (NASDAQ:SOFI) Position Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 109,008 shares of the company’s stock after purchasing an additional 21,344 shares during the period. D.A. Davidson & CO.’s holdings in SoFi Technologies were worth $1,679,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hanseatic Management Services Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $1,116,000. Kercheville Advisors LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $1,594,000. Charles Schwab Investment Management Inc. boosted its position in shares of SoFi Technologies by 1.4% during 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 purchasing an additional 87,097 shares in the last quarter. Zacks Investment Management bought a new position in shares of SoFi Technologies during the 3rd quarter valued at about $3,766,000. Finally, Citizens Financial Group Inc. RI boosted its position in shares of SoFi Technologies by 41.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after purchasing an additional 70,603 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 64,991 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,008,465 shares of company stock valued at $416,952,167. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SOFI. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Jefferies Financial Group raised their target price on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. UBS Group raised their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Citigroup raised their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $14.67 on Friday. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 39.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.77. The company has a 50 day simple moving average of $15.70 and a 200-day simple moving average of $12.23. 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 52-week low of $6.01 and a 52-week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm earned $0.04 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share 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.