SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Calton & Associates Inc.

Calton & Associates Inc. reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the company’s stock after selling 22,590 shares during the period. Calton & Associates Inc.’s holdings in SoFi Technologies were worth $275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in SoFi Technologies in the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies in the third quarter valued at $28,000. Waldron Private Wealth LLC acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at $39,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of SoFi Technologies by 63.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock worth $84,000 after acquiring an additional 2,130 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $15.78 on Friday. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The business’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $11.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company has a market capitalization of $17.12 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the company earned $0.04 EPS. Analysts anticipate that SoFi Technologies, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total value of $28,242,361.18. Following the completion of the sale, the director now directly owns 482,083 shares in the company, valued at approximately $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the sale, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last 90 days. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SOFI shares. Needham & Company LLC upped their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Morgan Stanley upped their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. UBS Group lifted their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Mizuho increased their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies 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.