Venturi Wealth Management LLC Boosts Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Venturi Wealth Management LLC grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 826.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,011 shares of the company’s stock after buying an additional 11,606 shares during the period. Venturi Wealth Management LLC’s holdings in SoFi Technologies were worth $200,000 as of its most recent SEC filing.

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

Insider Activity

In other news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value 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. This trade represents a 4.53 % decrease in their position. The sale 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 SoFi Technologies stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,008,465 shares of company stock worth $416,952,167. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Price Performance

Shares of SOFI opened at $14.67 on Friday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The firm’s fifty day simple moving average is $15.70 and its 200-day simple moving average is $12.19. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.33 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.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data 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 net margin of 18.64% and a return on equity of 3.82%. During the same period last year, the business posted $0.04 EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Citigroup increased their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group increased their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, 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 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.