GSA Capital Partners LLP Sells 31,661 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

GSA Capital Partners LLP lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 27.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,623 shares of the company’s stock after selling 31,661 shares during the period. GSA Capital Partners LLP’s holdings in SoFi Technologies were worth $665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SOFI. Capital Performance Advisors LLP acquired a new position in SoFi Technologies during the third quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its position in SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock worth $29,000 after buying an additional 1,543 shares during the last quarter. GAMMA Investing LLC increased its position in SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after buying an additional 1,981 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in SoFi Technologies during the third quarter worth approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in SoFi Technologies during the third quarter worth approximately $47,000. Institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

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 11.55 % 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 on Monday, October 21st. The shares were sold at an average price of $10.36, for a total value of $96,430.88. Following the completion of the transaction, the executive vice president now owns 152,203 shares of the company’s stock, valued at $1,576,823.08. The trade was a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,636 shares of company stock worth $904,677 over the last three months. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SOFI. Citigroup downgraded SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Needham & Company LLC upped their target price on SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Barclays upped their target price on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their target price on SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.40.

SoFi Technologies Trading Up 2.2 %

Shares of NASDAQ:SOFI opened at $13.93 on Tuesday. The company has a market capitalization of $14.85 billion, a P/E ratio of 139.31, a P/E/G ratio of 2.27 and a beta of 1.60. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $14.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.21. The business’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $8.00.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal 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.