Dash Acquisitions Inc. Takes $162,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Dash Acquisitions Inc. bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, Holdings Channel reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stratos Wealth Advisors LLC grew its position in shares of SoFi Technologies by 3.3% in the third quarter. Stratos Wealth Advisors LLC now owns 32,610 shares of the company’s stock valued at $256,000 after purchasing an additional 1,054 shares during the last quarter. Blue Trust Inc. boosted its stake in SoFi Technologies by 67.9% in the 3rd quarter. Blue Trust Inc. now owns 13,606 shares of the company’s stock valued at $107,000 after purchasing an additional 5,504 shares during the period. Raymond James & Associates grew its holdings in SoFi Technologies by 2.1% in the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock valued at $4,177,000 after buying an additional 11,062 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in SoFi Technologies during the 3rd quarter worth $137,000. Finally, Calton & Associates Inc. boosted its position in shares of SoFi Technologies by 33.2% in the third quarter. Calton & Associates Inc. now owns 40,440 shares of the company’s stock valued at $318,000 after acquiring an additional 10,090 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SOFI. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Needham & Company LLC boosted their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Bank of America reissued an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Barclays lifted their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,999,280 shares of company stock valued at $416,810,442 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Trading Down 3.9 %

SOFI opened at $16.18 on Thursday. The company has a market cap of $17.56 billion, a P/E ratio of 43.73, a PEG ratio of 2.43 and a beta of 1.77. 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 company’s 50 day moving average is $15.74 and its 200-day moving average is $12.11. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.04 earnings per share. Equities research 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.