SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,581 shares of the company’s stock after buying an additional 1,081 shares during the period. NBC Securities Inc.’s holdings in SoFi Technologies were worth $75,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock valued at $585,000 after acquiring an additional 86,545 shares during the last quarter. Mark Asset Management LP boosted its stake in shares of SoFi Technologies by 79.9% during the 2nd quarter. Mark Asset Management LP now owns 340,654 shares of the company’s stock worth $2,252,000 after purchasing an additional 151,265 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SoFi Technologies by 64.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 294,711 shares of the company’s stock worth $1,948,000 after purchasing an additional 115,316 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of SoFi Technologies by 233.3% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 100,000 shares of the company’s stock worth $661,000 after buying an additional 70,000 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in shares of SoFi Technologies in the first quarter valued at approximately $185,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SOFI. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Barclays lowered their price objective on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods reduced their target price on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.25.

Insider Activity

In related news, EVP Kelli Keough sold 24,939 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the sale, the executive vice president now directly owns 114,407 shares of the company’s stock, valued at approximately $830,594.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kelli Keough sold 24,939 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total transaction of $181,057.14. Following the sale, the executive vice president now directly owns 114,407 shares in the company, valued at approximately $830,594.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,081 shares of the business’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 transaction, the chief technology officer now directly owns 521,505 shares in the company, valued at $4,234,620.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,328 shares of company stock valued at $808,246. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI opened at $10.18 on Monday. The business has a 50-day moving average of $7.92 and a two-hundred day moving average of $7.32. The firm has a market capitalization of $10.76 billion, a PE ratio of -32.84, a P/E/G ratio of 1.72 and a beta of 1.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $10.49.

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

SoFi Technologies Company 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.