Gainplan LLC Purchases Shares of 26,193 SoFi Technologies, Inc. (NASDAQ:SOFI)

Gainplan LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,193 shares of the company's stock, valued at approximately $305,000.

A number of other large investors also recently modified their holdings of SOFI. Elequin Capital LP grew its stake in SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after acquiring an additional 631 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of SoFi Technologies by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after purchasing an additional 685 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after buying an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after buying an additional 1,100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its holdings in SoFi Technologies by 33.1% during the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock valued at $87,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of research reports. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Citizens Jmp started coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective for the company. Truist Financial started coverage on shares of SoFi Technologies in a report on Monday. They issued a "hold" rating and a $14.00 target price on the stock. Finally, JMP Securities started coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.36.

SoFi Technologies Trading Up 1.6%

NASDAQ:SOFI traded up $0.21 during midday trading on Thursday, hitting $13.67. The stock had a trading volume of 70,557,814 shares, compared to its average volume of 48,893,815. The stock has a 50-day moving average of $12.29 and a 200 day moving average of $14.02. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the completion of the sale, the executive vice president now owns 215,029 shares of the company's stock, valued at approximately $2,302,960.59. This represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, 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. Insiders have sold a total of 102,507 shares of company stock worth $1,283,528 in the last three months. 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.