Cookson Peirce & Co. Inc. Takes Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Cookson Peirce & Co. Inc. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,397 shares of the company’s stock, valued at approximately $607,000.

A number of other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in SoFi Technologies by 104.4% in the 4th quarter. Victory Capital Management Inc. now owns 262,979 shares of the company’s stock valued at $4,050,000 after acquiring an additional 134,318 shares during the period. Ring Mountain Capital LLC bought a new stake in SoFi Technologies in the 4th quarter valued at $159,000. Charles Schwab Investment Management Inc. raised its stake in SoFi Technologies by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company’s stock valued at $97,230,000 after acquiring an additional 167,780 shares during the period. Bravias Capital Group LLC bought a new stake in SoFi Technologies in the 4th quarter valued at $230,000. Finally, SBI Securities Co. Ltd. bought a new stake in SoFi Technologies in the 4th quarter valued at $3,703,000. Institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 64,991 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the sale, the chief technology officer now directly owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bashir Ruzwana sold 52,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.02, for a total value of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares in the company, valued at $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,004 shares of company stock valued at $2,292,100 over the last ninety days. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho increased their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley increased their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. UBS Group increased 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. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Stock Up 2.6 %

Shares of NASDAQ SOFI opened at $13.43 on Thursday. The stock’s fifty day moving average is $15.39 and its 200 day moving average is $12.63. The stock has a market capitalization of $14.73 billion, a P/E ratio of 36.30, a PEG ratio of 2.24 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

About SoFi Technologies

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.