Compass Capital Corp MA ADV Purchases New Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Compass Capital Corp MA ADV purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SOFI. Dash Acquisitions Inc. acquired a new position in SoFi Technologies during the fourth quarter worth $162,000. Handelsbanken Fonder AB grew its position in shares of SoFi Technologies by 11.3% in the 4th quarter. Handelsbanken Fonder AB now owns 252,100 shares of the company’s stock valued at $3,882,000 after acquiring an additional 25,500 shares during the period. Pegasus Asset Management Inc. increased its stake in shares of SoFi Technologies by 1.3% during the 4th quarter. Pegasus Asset Management Inc. now owns 114,388 shares of the company’s stock worth $1,762,000 after purchasing an additional 1,437 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of SoFi Technologies by 6.4% in the 4th quarter. Global Retirement Partners LLC now owns 49,586 shares of the company’s stock valued at $764,000 after purchasing an additional 2,984 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $196,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $14.67 on Friday. The firm has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $12.19. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The company has a market capitalization of $15.92 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.33 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company earned $0.04 earnings per share. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In other news, EVP Kelli Keough sold 9,185 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. In the last three months, insiders sold 26,008,465 shares of company stock worth $416,952,167. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SOFI shares. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Bank of America reaffirmed an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.50.

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.