Claro Advisors LLC Buys Shares of 14,196 SoFi Technologies, Inc. (NASDAQ:SOFI)

Claro Advisors LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,196 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. Carnegie Capital Asset Management LLC purchased a new position in SoFi Technologies in the fourth quarter worth $46,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at about $47,000. State of New Jersey Common Pension Fund D lifted its stake in shares of SoFi Technologies by 33.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 499,852 shares of the company’s stock valued at $2,304,000 after purchasing an additional 124,223 shares during the period. Woodmont Investment Counsel LLC boosted its holdings in SoFi Technologies by 15.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 37,922 shares of the company’s stock worth $175,000 after buying an additional 5,000 shares in the last quarter. Finally, Aldebaran Financial Inc. grew its position in SoFi Technologies by 53.9% during the third quarter. Aldebaran Financial Inc. now owns 132,130 shares of the company’s stock worth $651,000 after buying an additional 46,302 shares during the period. 34.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, insider Aaron Webster sold 200,000 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.69, for a total transaction of $1,938,000.00. Following the transaction, the insider now directly owns 678,261 shares of the company’s stock, valued at $6,572,349.09. The sale was disclosed in a filing with the SEC, which is available at this link. In other SoFi Technologies news, insider Aaron Webster sold 200,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $9.69, for a total transaction of $1,938,000.00. Following the transaction, the insider now owns 678,261 shares in the company, valued at $6,572,349.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Webb Lauren Stafford sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $9.29, for a total value of $929,000.00. Following the transaction, the chief marketing officer now owns 335,945 shares in the company, valued at approximately $3,120,929.05. The disclosure for this sale can be found here. Insiders have sold a total of 590,458 shares of company stock worth $4,746,175 in the last three months. 2.70% of the stock is currently owned by company insiders.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $8.60 on Monday. The business’s 50-day moving average price is $6.19 and its 200 day moving average price is $5.85. The company has a current ratio of 1.80, a quick ratio of 0.31 and a debt-to-equity ratio of 1.17. SoFi Technologies, Inc. has a twelve month low of $4.24 and a twelve month high of $10.23. The company has a market capitalization of $8.09 billion, a PE ratio of -27.74 and a beta of 1.65.

SoFi Technologies (NASDAQ:SOFI – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. SoFi Technologies had a negative net margin of 13.72% and a negative return on equity of 4.70%. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $436.78 million. During the same period in the prior year, the firm posted ($0.14) EPS. The company’s revenue was up 43.1% on a year-over-year basis. On average, research analysts predict that SoFi Technologies, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SOFI. Keefe, Bruyette & Woods boosted their price target on SoFi Technologies from $5.00 to $5.50 in a research note on Thursday, June 8th. Piper Sandler lowered SoFi Technologies from an “overweight” rating to a “neutral” rating and upped their target price for the company from $6.50 to $8.00 in a report on Friday. Truist Financial lifted their price target on SoFi Technologies from $8.00 to $11.00 in a research note on Monday, June 12th. Oppenheimer lowered shares of SoFi Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Bank of America downgraded shares of SoFi Technologies from a “buy” rating to a “neutral” rating and raised their target price for the company from $9.50 to $10.00 in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.96.

About SoFi Technologies

(Get Rating)

SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company’s lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

Read More

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider SoFi Technologies, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SoFi Technologies wasn’t on the list.

While SoFi Technologies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here