C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $196,000 Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,751 shares of the company’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC raised its holdings in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies during the third quarter valued at approximately $28,000. Waldron Private Wealth LLC acquired a new stake in shares of SoFi Technologies during the third quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of SoFi Technologies by 63.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after acquiring an additional 2,130 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SOFI. UBS Group upped their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Bank of America reiterated an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Needham & Company LLC upped their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $16.21 on Friday. 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 has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $11.88. The company has a market cap of $17.59 billion, a P/E ratio of 43.81, a P/E/G ratio of 2.04 and a beta of 1.77. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company posted $0.04 earnings per share. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bashir Ruzwana sold 52,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 26,008,870 shares of company stock valued at $416,950,073. Company insiders own 2.60% of the company’s stock.

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.