GSA Capital Partners LLP Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

GSA Capital Partners LLP bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 63,349 shares of the company's stock, valued at approximately $737,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. raised its position in shares of SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after acquiring an additional 2,200 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $31,000. Mpwm Advisory Solutions LLC bought a new stake in shares of SoFi Technologies during the 4th quarter valued at $32,000. Larson Financial Group LLC increased its holdings 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 purchasing an additional 1,519 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in SoFi Technologies by 119.3% in the first quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock worth $36,000 after purchasing an additional 1,671 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen started coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating and a $21.00 price objective for the company. UBS Group raised their price target on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 price objective (up from $11.00) on shares of SoFi Technologies in a research report on Wednesday. Barclays increased their target price on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Rothschild & Co Redburn started coverage on shares of SoFi Technologies in a research note on Friday. They issued a "neutral" rating and a $20.50 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.06.

Insider Activity

In other news, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the sale, the director directly owned 289,258 shares of the company's stock, valued at $4,162,422.62. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at $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. Insiders sold a total of 273,181 shares of company stock worth $4,043,240 in the last three months. Company insiders own 2.60% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI opened at $21.23 on Friday. The business has a 50-day moving average of $17.59 and a 200-day moving average of $14.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. The company has a market capitalization of $23.47 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 2.52 and a beta of 1.92. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $25.11.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly 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. SoFi Technologies had a return on equity of 4.51% and a net margin of 18.38%. The firm had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same period last year, the business posted $0.01 EPS. The business's revenue was up 42.8% compared to the same quarter last year. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current 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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