12,474 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,474 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors also recently bought and sold shares of SOFI. Great Valley Advisor Group Inc. lifted its position in SoFi Technologies by 6.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 19,684 shares of the company’s stock worth $311,000 after buying an additional 1,252 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in SoFi Technologies by 113.3% in the first quarter. SOA Wealth Advisors LLC. now owns 3,200 shares of the company’s stock valued at $30,000 after purchasing an additional 1,700 shares during the period. Benedetti & Gucer Inc. raised its holdings in shares of SoFi Technologies by 8.9% in the 1st quarter. Benedetti & Gucer Inc. now owns 21,533 shares of the company’s stock valued at $203,000 after buying an additional 1,768 shares during the period. Nvwm LLC raised its holdings in shares of SoFi Technologies by 116.4% in the 4th quarter. Nvwm LLC now owns 3,322 shares of the company’s stock valued at $53,000 after buying an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of SoFi Technologies by 125.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,375 shares of the company’s stock valued at $32,000 after buying an additional 1,875 shares during the period. 56.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto bought 46,500 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $5.37 per share, with a total value of $249,705.00. Following the purchase, the chief executive officer now owns 3,513,501 shares in the company, valued at approximately $18,867,500.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Anthony Noto purchased 46,500 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average price of $5.37 per share, for a total transaction of $249,705.00. Following the acquisition, the chief executive officer now directly owns 3,513,501 shares in the company, valued at approximately $18,867,500.37. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michelle Gill sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $5.48, for a total value of $274,000.00. Following the completion of the sale, the executive vice president now owns 1,831,223 shares in the company, valued at approximately $10,035,102.04. The disclosure for this sale can be found here. In the last three months, insiders acquired 257,753 shares of company stock valued at $1,561,711. Corporate insiders own 13.00% of the company’s stock.

SoFi Technologies Stock Down 3.3 %

SOFI opened at $7.96 on Friday. The business has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $8.25. The company has a quick ratio of 5.60, a current ratio of 5.60 and a debt-to-equity ratio of 0.94. The company has a market cap of $7.29 billion, a PE ratio of -17.30 and a beta of 1.53. SoFi Technologies, Inc. has a 52 week low of $4.82 and a 52 week high of $24.65.

SoFi Technologies (NASDAQ:SOFI – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). The firm had revenue of $321.70 million during the quarter, compared to the consensus estimate of $283.99 million. SoFi Technologies had a negative return on equity of 7.53% and a negative net margin of 27.19%. The firm’s quarterly revenue was up 48.9% on a year-over-year basis. As a group, research analysts anticipate that SoFi Technologies, Inc. will post -0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Credit Suisse Group boosted their price objective on SoFi Technologies from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Wednesday. Citigroup lowered their target price on SoFi Technologies from $17.00 to $11.00 in a research note on Thursday, May 12th. Piper Sandler lowered their price objective on SoFi Technologies from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Mizuho upped their price objective on SoFi Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America lowered their price objective on SoFi Technologies from $12.00 to $7.00 in a research report on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $13.73.

About SoFi Technologies

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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.