SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,535 shares of the company’s stock after selling 5,269 shares during the quarter. EntryPoint Capital LLC’s holdings in SoFi Technologies were worth $578,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SOFI. Skandinaviska Enskilda Banken AB publ acquired a new stake in SoFi Technologies during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management bought a new position in SoFi Technologies during the fourth quarter worth $31,000. FNY Investment Advisers LLC boosted its holdings in SoFi Technologies by 727.1% in the fourth 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. Finally, IAG Wealth Partners LLC bought a new stake in SoFi Technologies during the fourth quarter valued at $38,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Up 6.6 %

SoFi Technologies stock opened at $13.72 on Tuesday. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The firm’s 50 day moving average price is $14.66 and its two-hundred day moving average price is $13.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 previous year, the business posted $0.04 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley lifted their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. UBS Group increased 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. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Bank of America reiterated an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.