SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 685,060 shares of the company’s stock after selling 9,571 shares during the quarter. Brighton Jones LLC’s holdings in SoFi Technologies were worth $6,816,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in SoFi Technologies in the fourth quarter worth $27,000. Westside Investment Management Inc. lifted its stake in shares of SoFi Technologies by 93.8% in the fourth quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $31,000 after purchasing an additional 1,500 shares during the period. CNB Bank purchased a new stake in SoFi Technologies during the fourth quarter worth about $50,000. Fortitude Family Office LLC acquired a new position in SoFi Technologies during the fourth quarter worth about $60,000. Finally, NBC Securities Inc. acquired a new position in SoFi Technologies during the third quarter worth about $61,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SOFI shares. Mizuho decreased their price target on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of SoFi Technologies in a report on Tuesday. Wedbush reaffirmed an “underperform” rating and set a $3.00 price target on shares of SoFi Technologies in a research note on Tuesday. Jefferies Financial Group lowered their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group increased their target price on SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.08.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total value of $389,971.89. Following the transaction, the chief technology officer now directly owns 390,616 shares of the company’s stock, valued at approximately $2,706,968.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Down 3.8 %

Shares of SOFI traded down $0.26 during mid-day trading on Tuesday, reaching $6.78. 78,125,041 shares of the stock traded hands, compared to its average volume of 54,248,082. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of -17.82 and a beta of 1.75. The stock has a fifty day simple moving average of $7.61 and a 200 day simple moving average of $7.88. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. SoFi Technologies, Inc. has a 12-month low of $4.45 and a 12-month high of $11.70.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The company had revenue of $580.60 million during the quarter, compared to analysts’ expectations of $555.27 million. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.08 EPS for the current fiscal year.

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.