Global Assets Advisory LLC Takes $210,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Global Assets Advisory LLC acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,355 shares of the company's stock, valued at approximately $210,000.

Other institutional investors have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $27,000. Hollencrest Capital Management bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $31,000. Mpwm Advisory Solutions LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $32,000. IAG Wealth Partners LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. bought a new position in shares of SoFi Technologies during the 1st quarter valued at about $31,000. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 4.3%

Shares of SoFi Technologies stock opened at $16.77 on Friday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The stock has a market cap of $18.54 billion, a P/E ratio of 40.90, a P/E/G ratio of 2.72 and a beta of 1.82. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business's 50 day moving average is $13.64 and its 200-day moving average is $13.96.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data 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. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business's revenue was up 32.7% compared to the same quarter last year. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $13.95, for a total value of $1,215,603.00. Following the transaction, the director now directly owns 376,398 shares of the company's stock, valued at $5,250,752.10. This represents a 18.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the transaction, the chief technology officer now directly owns 724,321 shares in the company, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,095 shares of company stock valued at $3,939,168. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SOFI has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a report on Wednesday, April 30th. Stephens started coverage on SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. Barclays boosted their target price on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. UBS Group boosted their target price on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp started coverage on SoFi Technologies in a research note on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.73.

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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