Pathway Financial Advisers LLC Raises Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Pathway Financial Advisers LLC lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,129 shares of the company’s stock after purchasing an additional 5,777 shares during the quarter. Pathway Financial Advisers LLC’s holdings in SoFi Technologies were worth $394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arkadios Wealth Advisors increased its position in shares of SoFi Technologies by 11.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 60,531 shares of the company’s stock valued at $476,000 after purchasing an additional 6,305 shares during the last quarter. Allworth Financial LP lifted its stake in shares of SoFi Technologies by 29.3% in the 3rd quarter. Allworth Financial LP now owns 15,187 shares of the company’s stock valued at $119,000 after purchasing an additional 3,440 shares during the period. Mayfair Advisory Group LLC purchased a new position in shares of SoFi Technologies in the 3rd quarter valued at approximately $102,000. Trueblood Wealth Management LLC lifted its stake in shares of SoFi Technologies by 30.4% in the 3rd quarter. Trueblood Wealth Management LLC now owns 28,824 shares of the company’s stock valued at $227,000 after purchasing an additional 6,721 shares during the period. Finally, International Assets Investment Management LLC increased its position in SoFi Technologies by 1,159.5% during the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock valued at $2,725,000 after buying an additional 319,148 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 24,939 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total transaction of $181,057.14. Following the transaction, the executive vice president now owns 114,407 shares in the company, valued at approximately $830,594.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SoFi Technologies news, EVP Kelli Keough sold 24,939 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the transaction, the executive vice president now owns 114,407 shares of the company’s stock, valued at $830,594.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction that occurred on 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 directly owns 521,505 shares of the company’s stock, valued at $4,234,620.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,636 shares of company stock worth $904,677. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on SOFI shares. Citigroup lowered SoFi Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Barclays lowered their target price on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods decreased their target price on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.25.

SoFi Technologies Stock Up 0.5 %

Shares of SOFI opened at $10.99 on Friday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of -35.45, a PEG ratio of 2.08 and a beta of 1.70. The stock’s 50-day moving average price is $8.31 and its 200-day moving average price is $7.43. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $11.34.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $598.60 million for the quarter, compared to the consensus estimate of $565.19 million. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. SoFi Technologies’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.1 EPS 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.