SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Holdings Increased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,733 shares of the company's stock after purchasing an additional 16,287 shares during the quarter. AlphaStar Capital Management LLC's holdings in SoFi Technologies were worth $3,672,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ acquired a new stake in SoFi Technologies in the 4th quarter worth about $27,000. Hollencrest Capital Management acquired a new position in shares of SoFi Technologies during the 4th quarter valued at $31,000. Garde Capital Inc. purchased a new position in SoFi Technologies in the 1st quarter worth about $31,000. Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies during the fourth quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC bought a new stake in SoFi Technologies in the fourth quarter worth $38,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Up 3.7%

Shares of SOFI traded up $0.71 during trading hours on Tuesday, reaching $19.95. 111,120,611 shares of the company traded hands, compared to its average volume of 52,717,745. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $20.87. The stock's fifty day moving average price is $14.52 and its 200 day moving average price is $14.05. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 3.15 and a beta of 1.91. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. SoFi Technologies's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total value of $1,253,944.60. Following the completion of the transaction, the director owned 289,258 shares in the company, valued at $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $13.38, for a total value of $154,137.60. Following the completion of the sale, the executive vice president owned 203,509 shares of the company's stock, valued at $2,722,950.42. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,095 shares of company stock worth $3,939,168. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group increased their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Citizens Jmp initiated coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price for the company. JMP Securities started coverage on SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price objective for the company. Barclays upped their price objective on shares of SoFi Technologies from $12.00 to $18.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.13.

SoFi Technologies 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.