Creekmur Asset Management LLC Invests $392,000 in SoFi Technologies, Inc. (NASDAQ:SOFI)

Creekmur Asset Management LLC acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,404 shares of the company’s stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in SoFi Technologies during the fourth quarter worth about $27,000. Westside Investment Management Inc. increased its position in shares of SoFi Technologies by 93.8% during the fourth quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $31,000 after acquiring an additional 1,500 shares during the last quarter. Tortoise Investment Management LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter valued at about $39,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter valued at about $40,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of SoFi Technologies during the fourth quarter valued at about $44,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction dated 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 directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction dated 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 directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony Noto bought 30,715 shares of SoFi Technologies stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $6.48 per share, for a total transaction of $199,033.20. Following the completion of the acquisition, the chief executive officer now owns 8,121,844 shares in the company, valued at approximately $52,629,549.12. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 88,390 shares of company stock worth $597,569. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock traded down $0.34 on Friday, hitting $6.46. The company’s stock had a trading volume of 75,531,405 shares, compared to its average volume of 29,272,676. SoFi Technologies, Inc. has a 52-week low of $6.41 and a 52-week high of $11.70. The company has a quick ratio of 0.24, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $7.13 and a 200-day moving average price of $7.80. The company has a market capitalization of $6.83 billion, a P/E ratio of -20.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.72.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. SoFi Technologies had a negative net margin of 8.21% and a positive return on equity of 1.10%. The business had revenue of $580.60 million for the quarter, compared to analyst estimates of $555.27 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

SOFI has been the subject of a number of recent analyst reports. Wedbush reiterated an “underperform” rating and set a $3.00 price target on shares of SoFi Technologies in a research report on Tuesday, April 30th. Jefferies Financial Group lowered 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 note on Tuesday, March 26th. BTIG Research initiated coverage on shares of SoFi Technologies in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods raised 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 note on Friday, April 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.08.

View Our Latest Report on SOFI

SoFi Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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