Garden State Investment Advisory Services LLC Has $213,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Garden State Investment Advisory Services LLC lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.1% in the fourth quarter, Holdings Channel reports. The firm owned 13,825 shares of the company’s stock after selling 2,075 shares during the period. Garden State Investment Advisory Services LLC’s holdings in SoFi Technologies were worth $213,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies in the fourth quarter worth about $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the period. IAG Wealth Partners LLC bought a new position in SoFi Technologies in the fourth quarter valued at approximately $38,000. Finally, Legacy Investment Solutions LLC boosted its holdings in shares of SoFi Technologies by 116.3% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company’s stock valued at $48,000 after buying an additional 1,744 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several recent research reports. UBS Group lifted their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Needham & Company LLC increased their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated 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 SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group upped their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $10.66 on Thursday. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The stock has a market cap of $11.69 billion, a PE ratio of 28.81, a P/E/G ratio of 2.24 and a beta of 1.86. The firm has a 50-day moving average of $12.76 and a 200-day moving average of $13.44. 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 (NASDAQ:SOFI) last announced its 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 period in the previous year, the firm earned $0.04 earnings per share. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the transaction, the executive vice president now directly owns 169,626 shares of the company’s stock, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value 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. Over the last ninety days, insiders sold 97,905 shares of company stock worth $1,308,075. Corporate insiders own 2.60% of the company’s stock.

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.