AtonRa Partners Cuts Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

AtonRa Partners lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,603 shares of the company’s stock after selling 7,816 shares during the quarter. AtonRa Partners’ holdings in SoFi Technologies were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in SoFi Technologies by 13.2% during the fourth quarter. Wedmont Private Capital now owns 12,068 shares of the company’s stock worth $120,000 after buying an additional 1,411 shares during the period. Oppenheimer & Co. Inc. boosted its position in SoFi Technologies by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 192,238 shares of the company’s stock worth $1,536,000 after purchasing an additional 1,413 shares during the period. Westside Investment Management Inc. increased its holdings in SoFi Technologies by 93.8% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $31,000 after purchasing an additional 1,500 shares in the last quarter. River Street Advisors LLC raised its position in SoFi Technologies by 4.5% in the fourth quarter. River Street Advisors LLC now owns 35,414 shares of the company’s stock valued at $352,000 after purchasing an additional 1,526 shares during the period. Finally, PFG Investments LLC lifted its stake in shares of SoFi Technologies by 5.5% during the fourth quarter. PFG Investments LLC now owns 29,655 shares of the company’s stock worth $295,000 after purchasing an additional 1,547 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insiders Place Their Bets

In other SoFi Technologies 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 completion of the transaction, the chief technology officer now directly owns 390,616 shares of the company’s stock, valued at approximately $2,706,968.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded down $0.33 during midday trading on Tuesday, hitting $6.72. The company’s stock had a trading volume of 50,202,087 shares, compared to its average volume of 53,896,000. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04. SoFi Technologies, Inc. has a 1-year low of $4.45 and a 1-year high of $11.70. The firm’s fifty day moving average price is $7.61 and its 200-day moving average price is $7.88. The firm has a market cap of $6.56 billion, a P/E ratio of -17.79 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, April 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $580.60 million during the quarter, compared to the consensus estimate of $555.27 million. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. SoFi Technologies’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group lowered their target price on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of SoFi Technologies in a research report on Wednesday, January 10th. They set a “hold” rating and a $11.00 target price on the stock. Mizuho lowered their price target 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. The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods raised SoFi Technologies from an “underperform” rating to a “market perform” rating and increased their price target for the company from $6.50 to $7.50 in a report on Friday, April 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.08.

About SoFi Technologies

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.