Brown Advisory Inc. Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Brown Advisory Inc. bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,773 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors also recently modified their holdings of SOFI. Elequin Capital LP raised its position in SoFi Technologies by 30.1% in the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after purchasing an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in SoFi Technologies by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after purchasing an additional 685 shares during the last quarter. Bank of New Hampshire raised its position in SoFi Technologies by 33.3% in the 1st quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock worth $47,000 after purchasing an additional 1,000 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in SoFi Technologies by 33.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Compass Capital Corp MA ADV raised its position in SoFi Technologies by 12.6% in the 1st quarter. Compass Capital Corp MA ADV now owns 11,260 shares of the company's stock worth $131,000 after purchasing an additional 1,260 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 2.1%

Shares of SOFI stock traded up $0.43 on Wednesday, hitting $21.39. The stock had a trading volume of 59,977,013 shares, compared to its average volume of 53,475,757. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $21.86. The firm has a market cap of $23.64 billion, a P/E ratio of 52.17, a PEG ratio of 3.59 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. The company has a fifty day moving average price of $15.48 and a two-hundred day moving average price of $14.26.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total value of $1,253,944.60. Following the sale, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 10,267 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.22, for a total transaction of $156,263.74. Following the sale, the executive vice president directly owned 255,467 shares in the company, valued at $3,888,207.74. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,095 shares of company stock valued at $3,939,168. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens assumed coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 target price for the company. Citizens Jmp lowered shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a report on Monday. TD Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating and a $21.00 target price for the company. Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.41.

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.