SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Holdings Boosted by Orion Capital Management LLC

Orion Capital Management LLC boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 66.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Orion Capital Management LLC’s holdings in SoFi Technologies were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 76,402,753 shares of the company’s stock valued at $610,458,000 after acquiring an additional 2,567,797 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of SoFi Technologies by 102.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 495,839 shares of the company’s stock valued at $3,962,000 after purchasing an additional 250,854 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of SoFi Technologies by 202.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 14,963 shares of the company’s stock valued at $120,000 after purchasing an additional 10,013 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of SoFi Technologies by 18.0% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 390,098 shares of the company’s stock valued at $3,117,000 after purchasing an additional 59,412 shares in the last quarter. Finally, Hartline Investment Corp boosted its position in shares of SoFi Technologies by 3.4% during the 3rd quarter. Hartline Investment Corp now owns 865,756 shares of the company’s stock valued at $6,917,000 after purchasing an additional 28,115 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SOFI shares. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of SoFi Technologies in a research report on Tuesday. Jefferies Financial Group reduced their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods upgraded shares of SoFi Technologies from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $6.50 to $7.50 in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of SoFi Technologies from $12.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.08.

SoFi Technologies Price Performance

SOFI stock opened at $6.92 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.23 and a current ratio of 1.04. The firm has a 50 day simple moving average of $7.58 and a 200 day simple moving average of $7.87. SoFi Technologies, Inc. has a 52 week low of $4.45 and a 52 week high of $11.70.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $580.60 million during the quarter, compared to analysts’ expectations of $555.27 million. SoFi Technologies had a negative net margin of 8.21% and a positive return on equity of 1.13%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 56,273 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the transaction, the chief technology officer now owns 390,616 shares of the company’s stock, valued at $2,706,968.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

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.