Entropy Technologies LP lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 42.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,935 shares of the company's stock after buying an additional 140,509 shares during the period. Entropy Technologies LP's holdings in SoFi Technologies were worth $5,512,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SOFI. Mpwm Advisory Solutions LLC bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $32,000. Hazlett Burt & Watson Inc. raised 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 valued at $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new stake in shares of SoFi Technologies during the first quarter worth $28,000. Garde Capital Inc. purchased a new stake in shares of SoFi Technologies during the first quarter worth approximately $31,000. Finally, Larson Financial Group LLC raised its stake in 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 buying an additional 1,519 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director directly 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 this link. Also, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction 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 owned 724,321 shares in the company, valued at $11,263,191.55. This represents a 8.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 273,181 shares of company stock valued at $4,043,240. Insiders own 2.60% of the company's stock.
SoFi Technologies Price Performance
Shares of SOFI traded up $0.02 during mid-day trading on Friday, reaching $22.10. 49,006,309 shares of the stock traded hands, compared to its average volume of 74,107,504. The firm has a fifty day moving average price of $18.45 and a 200 day moving average price of $15.01. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 2.74 and a beta of 1.93. 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, Inc. has a 1 year low of $6.47 and a 1 year high of $25.11.
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. The firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.51%. The business's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.
Analyst Ratings Changes
SOFI has been the topic of several analyst reports. Needham & Company LLC lifted their target price on shares of SoFi Technologies from $20.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Morgan Stanley reissued an "underweight" rating and issued a $13.00 price objective (up previously from $11.00) on shares of SoFi Technologies in a research report on Wednesday, July 30th. Truist Financial set a $23.00 target price on shares of SoFi Technologies in a research note on Monday, August 4th. Stephens initiated coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price for the company. Finally, TD Cowen started coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating and a $21.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.29.
Get Our Latest Stock Analysis on SOFI
SoFi Technologies Company Profile
(
Free Report)
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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