Apollon Wealth Management LLC Acquires Shares of 62,014 SoFi Technologies, Inc. (NASDAQ:SOFI)

Apollon Wealth Management LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,014 shares of the company’s stock, valued at approximately $955,000.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in SoFi Technologies in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC lifted its position in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $39,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $47,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the sale, the executive vice president now directly owns 142,613 shares in the company, valued at $2,076,445.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 in the last ninety days. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SOFI shares. Jefferies Financial Group upped their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Needham & Company LLC upped their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Citigroup upped their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $12.50.

SoFi Technologies Trading Down 2.0 %

Shares of SoFi Technologies stock opened at $14.83 on Wednesday. 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 12-month low of $6.01 and a 12-month high of $18.42. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.04 and a beta of 1.77. The firm’s 50 day simple moving average is $15.73 and its two-hundred day simple moving average is $11.77.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the business posted $0.04 EPS. Analysts predict that SoFi Technologies, Inc. will post 0.27 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.