Highview Capital Management LLC DE Purchases 18,791 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Highview Capital Management LLC DE grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 25.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,573 shares of the company's stock after purchasing an additional 18,791 shares during the quarter. Highview Capital Management LLC DE's holdings in SoFi Technologies were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors have also recently 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. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SOFI shares. Truist Financial started coverage on SoFi Technologies in a research report on Monday, June 2nd. They set a "hold" rating and a $14.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of SoFi Technologies in a research report on Wednesday, April 30th. Citizens Jmp started coverage on SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 price target on the stock. 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. Finally, Barclays raised their price target on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.73.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total transaction of $154,137.60. Following the completion of the transaction, the executive vice president owned 203,509 shares in the company, valued at approximately $2,722,950.42. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies 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 transaction, the chief technology officer owned 724,321 shares of the company's stock, valued at $11,263,191.55. The trade was a 8.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,095 shares of company stock worth $3,939,168 in the last quarter. 2.60% of the stock is owned by company insiders.

SoFi Technologies Trading Up 3.6%

SOFI opened at $19.24 on Tuesday. The stock has a market cap of $21.27 billion, a PE ratio of 46.93, a PEG ratio of 3.15 and a beta of 1.91. 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 has a 50 day moving average of $14.52 and a 200-day moving average of $14.05. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $19.75.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The firm's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal 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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