Future Financial Wealth Managment LLC Buys Shares of 15,110 SoFi Technologies, Inc. (NASDAQ:SOFI)

Future Financial Wealth Managment LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the third quarter, Holdings Channel reports. The fund bought 15,110 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV lifted its position in shares of SoFi Technologies by 2,798.5% during the 4th quarter. KBC Group NV now owns 17,014 shares of the company’s stock worth $169,000 after purchasing an additional 16,427 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in SoFi Technologies by 2.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 65,785 shares of the company’s stock valued at $655,000 after purchasing an additional 1,498 shares during the last quarter. LM Advisors LLC acquired a new stake in SoFi Technologies during the fourth quarter worth approximately $1,670,000. Patient Capital Management LLC increased its holdings in shares of SoFi Technologies by 1.3% during the fourth quarter. Patient Capital Management LLC now owns 3,776,542 shares of the company’s stock worth $37,577,000 after purchasing an additional 48,004 shares during the period. Finally, Wellington Wealth Strategies LLC. bought a new position in SoFi Technologies in the fourth quarter valued at approximately $448,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,081 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the sale, the chief technology officer now owns 521,505 shares in the company, valued at $4,234,620.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the completion of the transaction, the chief technology officer now directly owns 521,505 shares in the company, valued at approximately $4,234,620.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 9,308 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $7.99, for a total value of $74,370.92. Following the sale, the executive vice president now owns 161,511 shares of the company’s stock, valued at approximately $1,290,472.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,328 shares of company stock valued at $808,246. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 1.7 %

Shares of NASDAQ:SOFI opened at $8.41 on Wednesday. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -27.13, a PEG ratio of 1.60 and a beta of 1.70. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $10.49. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $7.20.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The company had revenue of $598.60 million during the quarter, compared to analysts’ expectations of $565.19 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SOFI. Barclays dropped their target price on shares of SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Keefe, Bruyette & Woods decreased their price target on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, SoFi Technologies 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.