Pine Valley Investments Ltd Liability Co Has $338,000 Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Pine Valley Investments Ltd Liability Co cut its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 33.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,935 shares of the company’s stock after selling 11,100 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in SoFi Technologies were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Prasad Wealth Partners LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $182,000. Cassaday & Co Wealth Management LLC lifted its position in SoFi Technologies by 99.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 19,900 shares of the company’s stock worth $306,000 after buying an additional 9,900 shares in the last quarter. Compass Capital Corp MA ADV acquired a new position in shares of SoFi Technologies during the 4th quarter worth about $154,000. Dash Acquisitions Inc. acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at about $162,000. Finally, Handelsbanken Fonder AB raised its holdings in SoFi Technologies by 11.3% during the fourth quarter. Handelsbanken Fonder AB now owns 252,100 shares of the company’s stock worth $3,882,000 after acquiring an additional 25,500 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $14.47 on Thursday. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $12.39. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.70 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping 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. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares of the company’s stock, valued at $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 26,008,465 shares of company stock valued at $416,952,167. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley boosted their price target on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. Finally, UBS Group upped their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average target price of $12.50.

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.