Calton & Associates Inc. Boosts Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Calton & Associates Inc. lifted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 33.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,440 shares of the company’s stock after purchasing an additional 10,090 shares during the quarter. Calton & Associates Inc.’s holdings in SoFi Technologies were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Banque Cantonale Vaudoise boosted its stake in SoFi Technologies by 16.0% during the first quarter. Banque Cantonale Vaudoise now owns 14,500 shares of the company’s stock worth $107,000 after buying an additional 2,000 shares during the period. Future Financial Wealth Managment LLC purchased a new position in SoFi Technologies during the first quarter worth $37,000. Wealthcare Advisory Partners LLC boosted its stake in SoFi Technologies by 53.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 26,666 shares of the company’s stock worth $195,000 after buying an additional 9,283 shares during the period. KRS Capital Management LLC purchased a new position in SoFi Technologies during the first quarter worth $83,000. Finally, River Street Advisors LLC boosted its stake in SoFi Technologies by 22.2% during the first quarter. River Street Advisors LLC now owns 43,282 shares of the company’s stock worth $316,000 after buying an additional 7,868 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now owns 521,505 shares in the company, valued at $4,234,620.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other SoFi Technologies news, CTO Jeremy Rishel sold 68,081 shares of SoFi Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now owns 521,505 shares in the company, valued at $4,234,620.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 24,939 shares of SoFi Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total value of $181,057.14. Following the completion of the transaction, the executive vice president now owns 114,407 shares in the company, valued at $830,594.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,328 shares of company stock worth $808,246 over the last quarter. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SOFI. Barclays dropped their price objective on shares of SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Citigroup downgraded SoFi Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods decreased their target price on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.25.

SoFi Technologies Stock Performance

SOFI stock opened at $10.58 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. The business has a 50-day moving average price of $7.99 and a 200 day moving average price of $7.35. The company has a market capitalization of $11.19 billion, a P/E ratio of -34.13, a PEG ratio of 1.72 and a beta of 1.70. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $10.62.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $598.60 million during the quarter, compared to the consensus estimate of $565.19 million. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.1 EPS for the current fiscal year.

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.