Nwam LLC Purchases 4,531 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Nwam LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,635 shares of the company’s stock after acquiring an additional 4,531 shares during the quarter. Nwam LLC’s holdings in SoFi Technologies were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SOFI. FNY Investment Advisers LLC boosted its position in shares of SoFi Technologies by 727.1% during 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 in the last quarter. Capital Performance Advisors LLP bought a new position in shares of SoFi Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies during the 3rd quarter worth about $28,000. AdvisorNet Financial Inc boosted its position 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 purchasing an additional 2,130 shares in the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in shares of SoFi Technologies by 33.1% during the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company’s stock worth $87,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Up 2.8 %

NASDAQ:SOFI opened at $14.47 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. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The firm has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $12.46.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $0.04 earnings per share. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,185 shares of the firm’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 transaction of $141,724.55. Following the completion of the sale, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the firm’s 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 90 days, insiders sold 26,008,465 shares of company stock worth $416,952,167. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SOFI. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Bank of America restated an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

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.