Mayflower Financial Advisors LLC Buys New Shares in SoFi Technologies, Inc. (NASDAQ:SOFI)

Mayflower Financial Advisors LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 4th quarter, HoldingsChannel reports. The firm purchased 13,565 shares of the company’s stock, valued at approximately $209,000.

Several other large investors also recently bought and sold shares of SOFI. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies during the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC increased its position in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after purchasing an additional 1,905 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of SoFi Technologies during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 1.1 %

SOFI opened at $15.99 on Thursday. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The business has a 50 day moving average price of $15.81 and a two-hundred day moving average price of $11.25. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company has a market cap of $17.35 billion, a PE ratio of 159.92, a P/E/G ratio of 1.19 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly 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 return on equity of 3.71% and a net margin of 8.38%. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,590 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total value of $139,630.40. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Schuppenhauer purchased 30,600 shares of SoFi Technologies stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SOFI. Bank of America reissued an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Barclays increased their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Needham & Company LLC boosted their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four investment 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 an average target price of $12.50.

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.