Baird Financial Group Inc. Increases Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Baird Financial Group Inc. grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,837 shares of the company’s stock after purchasing an additional 7,976 shares during the period. Baird Financial Group Inc.’s holdings in SoFi Technologies were worth $1,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in SoFi Technologies by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company’s stock worth $881,000 after buying an additional 685 shares during the last quarter. Procyon Advisors LLC increased its holdings in SoFi Technologies by 8.0% during the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company’s stock worth $208,000 after buying an additional 1,000 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in SoFi Technologies by 13.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company’s stock worth $128,000 after buying an additional 1,000 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company’s stock worth $68,000 after buying an additional 1,100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in SoFi Technologies by 33.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company’s stock worth $87,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. The trade was a 9.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,172 shares of company stock worth $1,271,115 over the last three months. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SOFI shares. The Goldman Sachs Group lifted their target price 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. Citigroup lifted their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. JMP Securities started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued a “market outperform” rating and a $17.00 target price for the company. Barclays lifted their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of SoFi Technologies in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.38.

SoFi Technologies Price Performance

SOFI stock opened at $14.29 on Wednesday. The firm has a 50 day moving average of $11.94 and a 200-day moving average of $13.89. 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 $15.67 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period last year, the business earned $0.02 earnings per share. SoFi Technologies’s revenue was up 32.7% compared to the same quarter last year. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 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.