SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 30.4% in the third quarter, Holdings Channel reports. The firm owned 28,824 shares of the company’s stock after buying an additional 6,721 shares during the period. Trueblood Wealth Management LLC’s holdings in SoFi Technologies were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SOFI. International Assets Investment Management LLC boosted its holdings in SoFi Technologies by 1,159.5% in the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock worth $2,725,000 after buying an additional 319,148 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of SoFi Technologies in the third quarter valued at approximately $39,000. Pegasus Asset Management Inc. boosted its stake in shares of SoFi Technologies by 1.4% in the third quarter. Pegasus Asset Management Inc. now owns 112,951 shares of the company’s stock worth $888,000 after acquiring an additional 1,607 shares during the last quarter. Xcel Wealth Management LLC increased its position in shares of SoFi Technologies by 5.9% during the third quarter. Xcel Wealth Management LLC now owns 72,020 shares of the company’s stock worth $566,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Calton & Associates Inc. raised its stake in SoFi Technologies by 33.2% in the 3rd quarter. Calton & Associates Inc. now owns 40,440 shares of the company’s stock valued at $318,000 after purchasing an additional 10,090 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, EVP Kelli Keough sold 9,308 shares of SoFi Technologies stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $7.99, for a total value of $74,370.92. Following the completion of the sale, the executive vice president now owns 161,511 shares in the company, valued at approximately $1,290,472.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kelli Keough sold 9,308 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $7.99, for a total transaction of $74,370.92. Following the transaction, the executive vice president now owns 161,511 shares of the company’s stock, valued at approximately $1,290,472.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 68,081 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were 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 of the company’s stock, valued at $4,234,620.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,636 shares of company stock valued at $904,677. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

SOFI stock opened at $10.99 on Friday. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $11.34. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of -45.79, a price-to-earnings-growth ratio of 2.08 and a beta of 1.70. The business has a fifty day moving average of $8.31 and a two-hundred day moving average of $7.44.

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