Yeomans Consulting Group Inc. Purchases Shares of 21,684 SoFi Technologies, Inc. (NASDAQ:SOFI)

Yeomans Consulting Group Inc. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,684 shares of the company’s stock, valued at approximately $334,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in SoFi Technologies by 263.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after acquiring an additional 9,482,683 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SoFi Technologies by 7.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock worth $465,000 after purchasing an additional 4,661 shares during the period. Amalgamated Bank boosted its position in SoFi Technologies by 10.7% in the second quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock valued at $387,000 after buying an additional 5,661 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in SoFi Technologies by 33.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 102,103 shares of the company’s stock worth $675,000 after buying an additional 25,583 shares during the period. Finally, AE Wealth Management LLC raised its position in SoFi Technologies by 12.5% during the 2nd quarter. AE Wealth Management LLC now owns 19,600 shares of the company’s stock worth $130,000 after buying an additional 2,176 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Bank of America reaffirmed an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Barclays boosted 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. The Goldman Sachs Group raised their target price on SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.71.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $18.03 on Friday. The stock has a market capitalization of $19.57 billion, a P/E ratio of 180.32, a P/E/G ratio of 1.21 and a beta of 1.78. The company’s fifty day moving average price is $15.62 and its 200 day moving average price is $10.94. 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 1 year low of $6.01 and a 1 year high of $18.21.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the sale, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,590 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now directly owns 142,613 shares in the company, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,008,870 shares of company stock valued at $416,950,073 over the last quarter. 2.60% of the stock is currently owned by insiders.

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.