SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. trimmed its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,555 shares of the company’s stock after selling 6,050 shares during the period. Geneos Wealth Management Inc.’s holdings in SoFi Technologies were worth $178,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hanseatic Management Services Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter valued at $1,116,000. Charles Schwab Investment Management Inc. boosted its stake in SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock valued at $48,306,000 after purchasing an additional 87,097 shares during the period. Zacks Investment Management bought a new position in SoFi Technologies in the 3rd quarter worth about $3,766,000. Citizens Financial Group Inc. RI increased its stake in shares of SoFi Technologies by 41.5% in the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after purchasing an additional 70,603 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SoFi Technologies by 214.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock valued at $30,971,000 after buying an additional 2,688,847 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 64,991 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the transaction, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at approximately $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 2.8 %

NASDAQ:SOFI opened at $16.44 on Friday. The stock has a fifty day simple moving average of $15.84 and a 200 day simple moving average of $11.28. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 164.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.78. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. 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 announced its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. During the same period in the previous year, the business earned $0.04 earnings per share. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

SOFI has been the topic of several analyst reports. Bank of America restated an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Mizuho increased their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, UBS Group boosted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.50.

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.