SoFi Technologies, Inc. (NASDAQ:SOFI) Stake Decreased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,916 shares of the company’s stock after selling 19,250 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SoFi Technologies were worth $162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of SoFi Technologies by 197.0% in the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock worth $28,000 after purchasing an additional 2,000 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in SoFi Technologies by 93.8% in the fourth quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $31,000 after purchasing an additional 1,500 shares during the period. Advisors Asset Management Inc. bought a new position in SoFi Technologies in the 1st quarter valued at about $36,000. Lazard Asset Management LLC increased its stake in SoFi Technologies by 116.0% during the 3rd quarter. Lazard Asset Management LLC now owns 5,185 shares of the company’s stock valued at $41,000 after buying an additional 2,785 shares during the period. Finally, American International Group Inc. bought a new stake in shares of SoFi Technologies during the 2nd quarter worth about $44,000. 38.43% of the stock is owned by institutional investors.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the completion of the sale, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

SoFi Technologies Stock Up 1.1 %

SOFI stock opened at $7.20 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.23. The firm has a market capitalization of $7.03 billion, a P/E ratio of -18.95 and a beta of 1.75. SoFi Technologies, Inc. has a 52-week low of $4.45 and a 52-week high of $11.70. The company’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $7.92.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $572.02 million. SoFi Technologies had a negative net margin of 14.65% and a negative return on equity of 1.23%. The company’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SOFI. Jefferies Financial Group decreased their price objective on shares of SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 26th. Wedbush reaffirmed an “underperform” rating and set a $3.00 price target on shares of SoFi Technologies in a research note on Wednesday, March 6th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Mizuho lowered their target price on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Finally, Needham & Company LLC initiated coverage on shares of SoFi Technologies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus price target of $9.08.

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.