16,109 Shares in SoFi Technologies, Inc. $SOFI Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,109 shares of the company's stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in SoFi Technologies in the 1st quarter worth about $490,000. SCS Capital Management LLC purchased a new stake in SoFi Technologies in the 1st quarter worth about $193,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in SoFi Technologies by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,725,268 shares of the company's stock worth $31,695,000 after purchasing an additional 205,908 shares during the period. Empowered Funds LLC raised its position in SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company's stock worth $385,000 after purchasing an additional 1,631 shares during the period. Finally, Caxton Associates LLP purchased a new stake in SoFi Technologies in the 1st quarter worth about $129,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research analyst reports. Barclays upped their target price on shares of SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of SoFi Technologies in a research note on Monday, July 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Rothschild & Co Redburn initiated coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They issued a "neutral" rating and a $20.50 target price on the stock. Redburn Atlantic upgraded shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup upped their target price on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and an average price target of $19.59.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the transaction, the executive vice president owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the transaction, the chief technology officer directly owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,959 shares of company stock valued at $1,653,646. 2.60% of the stock is owned by insiders.

SoFi Technologies Price Performance

Shares of SOFI opened at $26.55 on Monday. The company has a market cap of $31.79 billion, a price-to-earnings ratio of 55.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.93. SoFi Technologies, Inc. has a twelve month low of $7.52 and a twelve month high of $26.85. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $23.05 and a two-hundred day moving average of $16.64.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. SoFi Technologies's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.