Mpwm Advisory Solutions LLC Purchases New Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Mpwm Advisory Solutions LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,110 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds have also recently made changes to their positions in the company. Merit Financial Group LLC lifted its position in shares of SoFi Technologies by 65.9% during the 4th quarter. Merit Financial Group LLC now owns 31,172 shares of the company’s stock valued at $480,000 after buying an additional 12,383 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of SoFi Technologies by 2.9% during the 4th quarter. Arkadios Wealth Advisors now owns 62,312 shares of the company’s stock valued at $960,000 after buying an additional 1,781 shares during the last quarter. UMB Bank n.a. lifted its position in shares of SoFi Technologies by 30.1% during the 4th quarter. UMB Bank n.a. now owns 40,644 shares of the company’s stock valued at $626,000 after buying an additional 9,407 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $235,000. Finally, Burr Financial Services LLC purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $217,000. 38.43% of the stock is currently owned by institutional investors.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,172 shares of company stock valued at $1,271,115. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $13.27 on Wednesday. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The stock has a fifty day moving average of $12.15 and a 200 day moving average of $13.99. 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 (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citizens Jmp assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They set an “outperform” rating and a $17.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. UBS Group raised their price target on SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. JMP Securities began coverage on SoFi Technologies in a report on Friday, April 25th. They issued a “market outperform” rating and a $17.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $14.38.

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.