Gladstone Institutional Advisory LLC Has $590,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Gladstone Institutional Advisory LLC cut its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,327 shares of the company’s stock after selling 21,783 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in SoFi Technologies were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SOFI. FNY Investment Advisers LLC lifted its holdings in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after buying an additional 1,905 shares during the period. Capital Performance Advisors LLP acquired a new position in SoFi Technologies in the third quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $28,000. Waldron Private Wealth LLC acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $39,000. Finally, AdvisorNet Financial Inc boosted its stake in 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 acquiring an additional 2,130 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Up 6.7 %

SOFI stock opened at $16.21 on Friday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The business’s 50 day simple moving average is $15.69 and its 200 day simple moving average is $11.88. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $17.59 billion, a PE ratio of 43.81, a PEG ratio of 2.04 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last released 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 in the prior year, the company earned $0.04 EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the transaction, the executive vice president now owns 46,105 shares of the company’s stock, valued at $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

SOFI has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. 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 note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock 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.