SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 101.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,315 shares of the company's stock after acquiring an additional 13,750 shares during the period. Mayflower Financial Advisors LLC's holdings in SoFi Technologies were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $32,000. Garde Capital Inc. bought a new stake in shares of SoFi Technologies in the first quarter worth $31,000. Larson Financial Group LLC grew its stake in shares of SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after purchasing an additional 1,519 shares during the last quarter. Elequin Capital LP grew its stake in shares of SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after purchasing an additional 631 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its position in SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after acquiring an additional 1,744 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Down 3.0%

SOFI stock traded down $0.65 during trading on Monday, hitting $21.16. The company had a trading volume of 48,317,882 shares, compared to its average volume of 53,449,089. The firm has a market capitalization of $23.39 billion, a P/E ratio of 128.29, a PEG ratio of 3.68 and a beta of 1.91. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $22.74. The company has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $14.39. 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 (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $763.81 million during the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. SoFi Technologies's revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SOFI shares. Stephens started coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. JMP Securities reissued a "market perform" rating and set a $17.00 target price on shares of SoFi Technologies in a research report on Monday, July 14th. Cowen initiated coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating for the company. Truist Financial increased their target price on shares of SoFi Technologies from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Thursday. Finally, Barclays raised their price objective on shares of SoFi Technologies from $12.00 to $18.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.78.

Insider Activity at SoFi Technologies

In related news, 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 value of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 11,520 shares of the company's 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 sale, the executive vice president directly owned 203,509 shares of the company's stock, valued at $2,722,950.42. The trade was a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 262,914 shares of company stock worth $3,819,420 in the last three months. Company insiders own 2.60% of the company's stock.

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.