Level Four Advisory Services LLC Acquires 8,630 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Level Four Advisory Services LLC grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,230 shares of the company’s stock after acquiring an additional 8,630 shares during the quarter. Level Four Advisory Services LLC’s holdings in SoFi Technologies were worth $604,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of research analyst reports. UBS Group lifted their target price on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Four 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Performance

SOFI opened at $11.85 on Monday. The company has a market cap of $12.99 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $14.42 and its 200-day moving average price is $13.25. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

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 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 business posted $0.04 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the 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 $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is owned by company insiders.

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.