Cookson Peirce & Co. Inc. Has $870,000 Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Cookson Peirce & Co. Inc. raised its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 89.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,829 shares of the company's stock after purchasing an additional 35,432 shares during the period. Cookson Peirce & Co. Inc.'s holdings in SoFi Technologies were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in SoFi Technologies by 75.7% in the 1st quarter. Russell Investments Group Ltd. now owns 92,343 shares of the company's stock valued at $1,074,000 after purchasing an additional 39,779 shares during the period. Rathbones Group PLC bought a new stake in SoFi Technologies in the 1st quarter valued at $176,000. Motley Fool Asset Management LLC bought a new stake in SoFi Technologies in the 1st quarter valued at $212,000. Independent Advisor Alliance boosted its holdings in SoFi Technologies by 55.9% in the 1st quarter. Independent Advisor Alliance now owns 26,800 shares of the company's stock valued at $312,000 after purchasing an additional 9,614 shares during the period. Finally, Nuveen LLC bought a new stake in SoFi Technologies in the 1st quarter valued at $47,616,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Trading Down 2.2%

SOFI opened at $23.29 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $25.74 billion, a PE ratio of 48.52, a PEG ratio of 2.95 and a beta of 1.93. SoFi Technologies, Inc. has a 1-year low of $6.69 and a 1-year high of $25.11. The firm has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $15.21.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Truist Financial set a $23.00 target price on shares of SoFi Technologies in a research report on Monday, August 4th. Needham & Company LLC increased their target price on shares of SoFi Technologies from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JMP Securities reiterated a "market perform" rating and set a $17.00 target price on shares of SoFi Technologies in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.29.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,181 shares of company stock valued at $4,043,240 over the last ninety days. 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.

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