Waller Financial Planning Group Inc. Buys 9,900 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Waller Financial Planning Group Inc. lifted its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 3,027.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,227 shares of the company’s stock after buying an additional 9,900 shares during the quarter. Waller Financial Planning Group Inc.’s holdings in SoFi Technologies were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in SoFi Technologies in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies in the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC raised its position in SoFi Technologies by 55.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock worth $29,000 after purchasing an additional 1,543 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in SoFi Technologies during the 3rd quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in SoFi Technologies in the 3rd quarter valued at $47,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Eric Schuppenhauer acquired 30,600 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the completion of the purchase, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at $753,355.70. This represents a 197.36 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bashir Ruzwana sold 52,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.02, for a total value of $833,040.00. Following the transaction, the director now directly owns 25,937 shares of the company’s stock, valued at approximately $415,510.74. The trade was a 66.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,009,264 shares of company stock worth $416,889,795. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SOFI traded up $0.34 during trading hours on Friday, hitting $14.47. The company had a trading volume of 23,467,348 shares, compared to its average volume of 48,586,609. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $17.19. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 144.71, a PEG ratio of 2.70 and a beta of 1.77. The business has a fifty day moving average of $14.52 and a 200-day moving average of $9.98. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The firm had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same period in the prior year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SOFI shares. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Bank of America reiterated an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.13.

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.