Keystone Financial Services LLC Purchases 32,046 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Keystone Financial Services LLC increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 179.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,902 shares of the company's stock after acquiring an additional 32,046 shares during the quarter. Keystone Financial Services LLC's holdings in SoFi Technologies were worth $580,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SoFi Technologies by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,223,370 shares of the company's stock valued at $49,640,000 after purchasing an additional 8,218 shares during the period. Proficio Capital Partners LLC bought a new position in shares of SoFi Technologies in the 4th quarter worth $513,000. Jones Financial Companies Lllp grew its stake in shares of SoFi Technologies by 20.4% during the fourth quarter. Jones Financial Companies Lllp now owns 217,061 shares of the company's stock worth $3,343,000 after purchasing an additional 36,842 shares during the period. Finally, Bravias Capital Group LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $230,000. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Down 3.1%

SOFI traded down $0.57 during trading on Tuesday, hitting $17.64. The company had a trading volume of 93,360,099 shares, compared to its average volume of 51,863,298. The company has a market capitalization of $19.50 billion, a PE ratio of 43.03, a PEG ratio of 2.91 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. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.92. The firm's 50-day moving average price is $13.91 and its 200 day moving average price is $13.96.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company's quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SOFI shares. Stephens assumed 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. Truist Financial initiated coverage on shares of SoFi Technologies in a research report on Monday, June 2nd. They issued a "hold" rating and a $14.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Barclays upped their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp initiated coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set an "outperform" rating and a $17.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.73.

Insider Transactions at SoFi Technologies

In related news, Director Magdalena Yesil sold 87,140 shares of the company's stock in a transaction dated 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 owned 289,258 shares in the company, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the transaction, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,095 shares of company stock valued at $3,939,168 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

About SoFi Technologies

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.