OLD Second National Bank of Aurora Decreases Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

OLD Second National Bank of Aurora reduced its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 309,143 shares of the company’s stock after selling 16,312 shares during the period. SoFi Technologies accounts for about 1.1% of OLD Second National Bank of Aurora’s portfolio, making the stock its 22nd largest position. OLD Second National Bank of Aurora’s holdings in SoFi Technologies were worth $4,761,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. OLD National Bancorp IN purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $209,000. R Squared Ltd purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $127,000. Mayflower Financial Advisors LLC bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $209,000. Prospect Financial Services LLC bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $180,000. Finally, Perigon Wealth Management LLC boosted its position in shares of SoFi Technologies by 5.4% during the fourth quarter. Perigon Wealth Management LLC now owns 40,307 shares of the company’s stock valued at $657,000 after purchasing an additional 2,047 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SOFI. Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price target on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group boosted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Citigroup boosted their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bashir Ruzwana sold 52,000 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total value of $833,040.00. Following the sale, the director now directly owns 25,937 shares in the company, valued at $415,510.74. This trade represents a 66.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Down 1.1 %

SoFi Technologies stock opened at $15.99 on Thursday. The stock has a market cap of $17.35 billion, a PE ratio of 159.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The stock has a fifty day moving average of $15.81 and a 200 day moving average of $11.25.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.12 EPS for the current 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.