Consolidated Portfolio Review Corp purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,085 shares of the company’s stock, valued at approximately $122,000.
Several other hedge funds and other institutional investors also recently modified their holdings of SOFI. Advisors Preferred LLC bought a new position in SoFi Technologies during the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC grew its stake in shares of SoFi Technologies by 330.3% in the first quarter. Global Retirement Partners LLC now owns 5,435 shares of the company’s stock worth $26,000 after acquiring an additional 4,172 shares during the last quarter. US Bancorp DE increased its holdings in shares of SoFi Technologies by 197.0% during the first quarter. US Bancorp DE now owns 3,015 shares of the company’s stock valued at $28,000 after acquiring an additional 2,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of SoFi Technologies in the 1st quarter worth about $35,000. Finally, Advisors Asset Management Inc. bought a new position in SoFi Technologies in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 37.13% of the company’s stock.
Insider Activity at SoFi Technologies
In related news, insider Chad M. Borton sold 90,458 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $8.68, for a total transaction of $785,175.44. Following the completion of the transaction, the insider now owns 229,449 shares in the company, valued at approximately $1,991,617.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Chad M. Borton sold 90,458 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $8.68, for a total transaction of $785,175.44. Following the completion of the transaction, the insider now owns 229,449 shares in the company, valued at approximately $1,991,617.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Webb Lauren Stafford sold 100,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $9.29, for a total value of $929,000.00. Following the completion of the sale, the chief marketing officer now owns 335,945 shares of the company’s stock, valued at $3,120,929.05. The disclosure for this sale can be found here. Insiders sold a total of 390,458 shares of company stock worth $3,652,175 in the last quarter. 2.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have issued reports on SOFI shares. Mizuho lifted their target price on shares of SoFi Technologies from $9.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Piper Sandler boosted their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. BTIG Research cut their target price on SoFi Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. Wedbush restated an “underperform” rating and issued a $3.00 price target on shares of SoFi Technologies in a research note on Tuesday, August 1st. Finally, Stephens began coverage on SoFi Technologies in a research report on Monday, July 24th. They set an “equal weight” rating and a $7.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average price target of $9.16.
Read Our Latest Report on SoFi Technologies
SoFi Technologies Stock Up 3.3 %
Shares of SOFI opened at $8.74 on Thursday. The company has a market capitalization of $8.30 billion, a PE ratio of -34.96 and a beta of 1.81. The company has a current ratio of 1.65, a quick ratio of 0.29 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $8.92 and its 200 day moving average is $7.17. SoFi Technologies, Inc. has a 12-month low of $4.24 and a 12-month high of $11.70.
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its earnings results on Monday, July 31st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. SoFi Technologies had a negative return on equity of 3.76% and a negative net margin of 10.38%. The firm had revenue of $488.80 million for the quarter, compared to the consensus estimate of $473.94 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue for the quarter was up 37.3% compared to the same quarter last year. Research analysts expect that SoFi Technologies, Inc. will post -0.21 earnings per share for the current fiscal year.
SoFi Technologies Profile
SoFi Technologies, Inc provides various financial services. 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. It also offers personal loans, student loans, home loans, and related services.
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