Waller Financial Planning Group Inc. Acquires 9,900 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Waller Financial Planning Group Inc. grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3,027.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,227 shares of the company’s stock after buying an additional 9,900 shares during the period. Waller Financial Planning Group Inc.’s holdings in SoFi Technologies were worth $157,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in SoFi Technologies by 2.8% in the third quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after purchasing an additional 809 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of SoFi Technologies by 0.3% in the third quarter. Summit Trail Advisors LLC now owns 280,464 shares of the company’s stock valued at $2,204,000 after purchasing an additional 855 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of SoFi Technologies by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 28,409 shares of the company’s stock worth $223,000 after buying an additional 962 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its position in SoFi Technologies by 10.0% in the third quarter. Oak Harbor Wealth Partners LLC now owns 11,000 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its stake in shares of SoFi Technologies by 3.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,610 shares of the company’s stock worth $256,000 after purchasing an additional 1,054 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SOFI. Keefe, Bruyette & Woods restated an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. The Goldman Sachs Group increased their target price on SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Mizuho boosted their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Barclays lifted their target price on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.13.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares in the company, valued at approximately $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,009,264 shares of company stock worth $416,889,795. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Trading Up 2.4 %

SoFi Technologies stock traded up $0.34 during mid-day trading on Friday, hitting $14.47. The company’s stock had a trading volume of 23,467,348 shares, compared to its average volume of 48,586,609. The business has a 50 day moving average price of $14.52 and a 200-day moving average price of $9.98. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $17.19. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 144.71, a price-to-earnings-growth ratio of 2.70 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. SoFi Technologies’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

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.