HUB Investment Partners LLC Has $459,000 Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

HUB Investment Partners LLC cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,775 shares of the company’s stock after selling 1,334 shares during the period. HUB Investment Partners LLC’s holdings in SoFi Technologies were worth $459,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in SoFi Technologies in the 4th quarter worth about $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $31,000. FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after buying an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC acquired a new stake in SoFi Technologies during the 4th quarter worth approximately $38,000. Finally, Brooklyn Investment Group bought a new stake in SoFi Technologies during the 3rd quarter worth approximately $28,000. 38.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on SOFI shares. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Citigroup upped their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Finally, Bank of America restated an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.50.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the transaction, the executive vice president now owns 187,725 shares in the company, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,819 shares of company stock valued at $1,447,044 over the last three months. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 1.8 %

Shares of NASDAQ:SOFI opened at $12.87 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The business’s 50 day simple moving average is $14.67 and its two-hundred day simple moving average is $12.97. The firm has a market cap of $14.11 billion, a P/E ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the firm posted $0.04 earnings per share. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.