Pathway Financial Advisers LLC Trims Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Pathway Financial Advisers LLC lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,497 shares of the company’s stock after selling 1,632 shares during the period. Pathway Financial Advisers LLC’s holdings in SoFi Technologies were worth $747,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SoFi Technologies by 214.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of SoFi Technologies during the third quarter worth about $16,014,000. Zacks Investment Management acquired a new position in SoFi Technologies in the third quarter worth about $3,766,000. Point72 DIFC Ltd bought a new stake in SoFi Technologies in the third quarter valued at about $3,219,000. Finally, Rockefeller Capital Management L.P. raised its stake in SoFi Technologies by 20.6% during the third quarter. Rockefeller Capital Management L.P. now owns 2,209,266 shares of the company’s stock valued at $17,365,000 after buying an additional 376,899 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 0.4 %

Shares of SoFi Technologies stock opened at $14.77 on Thursday. The business has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $11.80. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 period in the prior year, the business posted $0.04 earnings per share. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the completion of the transaction, the director now owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SOFI. Mizuho lifted their target price on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Citigroup raised their price target 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. Finally, Bank of America reaffirmed an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.50.

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.