Armstrong Fleming & Moore Inc Purchases Shares of 25,575 SoFi Technologies, Inc. (NASDAQ:SOFI)

Armstrong Fleming & Moore Inc purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,575 shares of the company's stock, valued at approximately $297,000.

Several other institutional investors have also recently made changes to their positions in SOFI. Berkshire Capital Holdings Inc. increased its holdings in SoFi Technologies by 6,208,000.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after buying an additional 620,800 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of SoFi Technologies during the 4th quarter valued at $3,703,000. Kercheville Advisors LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth $1,594,000. Highview Capital Management LLC DE bought a new position in SoFi Technologies in the 4th quarter worth $1,152,000. Finally, Midwest Professional Planners LTD. purchased a new position in SoFi Technologies during the fourth quarter valued at $836,000. Institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SOFI shares. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. UBS Group increased their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Barclays raised their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Citizens Jmp started coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price target for the company. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and a consensus target price of $14.36.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction on 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 transaction, the executive vice president now directly owns 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents 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 valued at $1,283,528 in the last quarter. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $13.67 on Friday. The company has a market cap of $15.11 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm's fifty day moving average is $12.33 and its two-hundred day moving average is $14.02.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $763.81 million for 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 was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.

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