Moseley Investment Management Inc. Trims Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Moseley Investment Management Inc. lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,036 shares of the company’s stock after selling 2,500 shares during the quarter. Moseley Investment Management Inc.’s holdings in SoFi Technologies were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. FNY Investment Advisers LLC boosted its holdings in 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. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies in the third quarter valued at approximately $28,000. Waldron Private Wealth LLC purchased a new position in SoFi Technologies in the third quarter worth approximately $39,000. Finally, AdvisorNet Financial Inc increased its stake in SoFi Technologies by 63.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock worth $84,000 after acquiring an additional 2,130 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SOFI. Needham & Company LLC upped their price target on SoFi Technologies from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price 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. Barclays lifted 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 report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, William Blair began coverage on shares of SoFi Technologies in a report on Wednesday. They issued an “outperform” rating for the company. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.71.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now directly owns 187,725 shares in the company, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 Up 3.1 %

SoFi Technologies stock opened at $14.50 on Wednesday. The firm has a market capitalization of $15.73 billion, a P/E ratio of 145.01, a P/E/G ratio of 2.70 and a beta of 1.78. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $17.19. The stock’s fifty day simple moving average is $15.08 and its 200-day simple moving average is $10.49.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $697.10 million for the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. SoFi Technologies’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

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.