C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $196,000 in SoFi Technologies, Inc. (NASDAQ:SOFI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,751 shares of the company’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth about $28,000. FNY Investment Advisers LLC raised 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 acquiring an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth about $39,000. Finally, SouthState Corp acquired a new stake in shares of SoFi Technologies during the 3rd quarter worth about $67,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Down 3.8 %

NASDAQ:SOFI opened at $15.56 on Friday. The firm has a market cap of $16.88 billion, a P/E ratio of 42.05, a PEG ratio of 2.43 and a beta of 1.77. 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 stock’s 50 day simple moving average is $15.73 and its 200-day simple moving average is $12.13. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted 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 return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the firm earned $0.04 EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SOFI shares. Jefferies Financial Group raised their target price on SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. UBS Group lifted their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Four equities 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.50.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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. Insiders have sold a total of 25,999,280 shares of company stock worth $416,810,442 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

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.