Algert Global LLC Buys 11,080 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Algert Global LLC increased its stake in SoFi Technologies by 3.6% during the 1st quarter, now holding 321,447 shares valued at approximately $3.74 million.
• SoFi Technologies reported a quarterly earnings per share (EPS) of $0.08, surpassing expectations of $0.06, despite revenue being below analyst estimates at $519.37 million.
• As per recent analyses, SoFi's stock has a consensus rating of "Hold" with an average target price of $18.29, while various analysts have set diverse price targets ranging from $20.00 to $26.00.

Algert Global LLC increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,447 shares of the company's stock after acquiring an additional 11,080 shares during the quarter. Algert Global LLC's holdings in SoFi Technologies were worth $3,738,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its position in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after buying an additional 2,200 shares during the last quarter. Headlands Technologies LLC purchased a new stake in SoFi Technologies in the first quarter worth $28,000. Garde Capital Inc. purchased a new position in shares of SoFi Technologies in the first quarter valued at $31,000. Mpwm Advisory Solutions LLC purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $32,000. Finally, Larson Financial Group LLC grew its position in shares of SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after purchasing an additional 1,519 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Barclays lifted their price objective on SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. TD Cowen assumed coverage on SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price objective for the company. Redburn Atlantic raised SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Finally, Morgan Stanley reissued an "underweight" rating and set a $13.00 price objective (up previously from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.35.

SoFi Technologies Trading Up 3.6%

Shares of NASDAQ SOFI traded up $0.81 during midday trading on Thursday, reaching $23.33. The company had a trading volume of 53,270,445 shares, compared to its average volume of 75,953,096. SoFi Technologies, Inc. has a one year low of $6.75 and a one year high of $25.11. The stock has a market cap of $27.94 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 2.79 and a beta of 1.93. 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 firm's fifty day moving average price is $20.10 and its 200-day moving average price is $15.47.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same quarter in the prior year, the business earned $0.01 EPS. The business's revenue for the quarter was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the transaction, the director directly owned 289,258 shares of the company's stock, valued at $4,162,422.62. This represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,239 shares of company stock worth $4,123,194. 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.