New York State Common Retirement Fund Has $6.48 Million Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

New York State Common Retirement Fund grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556,987 shares of the company's stock after purchasing an additional 13,000 shares during the period. New York State Common Retirement Fund owned about 0.05% of SoFi Technologies worth $6,478,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at about $32,000. Garde Capital Inc. acquired a new position in shares of SoFi Technologies in the 1st quarter valued at about $31,000. Elequin Capital LP increased its holdings in shares of SoFi Technologies by 30.1% in the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after purchasing an additional 631 shares during the period. Legacy Investment Solutions LLC increased its holdings in shares of SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after purchasing an additional 1,744 shares during the period. Finally, Copia Wealth Management increased its holdings in shares of SoFi Technologies by 3,316.0% in the 1st quarter. Copia Wealth Management now owns 3,416 shares of the company's stock valued at $40,000 after purchasing an additional 3,316 shares during the period. Institutional investors and hedge funds own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SOFI shares. Needham & Company LLC restated a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a report on Wednesday, April 30th. Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating on the stock. Truist Financial increased their price objective on SoFi Technologies from $14.00 to $20.00 and gave the stock a "hold" rating in a report on Thursday. JMP Securities restated a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a report on Monday, July 14th. Finally, The Goldman Sachs Group started coverage on SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $16.78.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 11,520 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total value of $154,137.60. Following the completion of the transaction, the executive vice president directly owned 203,509 shares of the company's stock, valued at $2,722,950.42. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total value of $1,253,944.60. Following the completion of the transaction, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 262,914 shares of company stock valued at $3,819,420 over the last ninety days. 2.60% of the stock is owned by company insiders.

SoFi Technologies Trading Down 1.3%

Shares of SOFI stock opened at $21.81 on Monday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $22.74. 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 company has a market cap of $24.11 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 3.68 and a beta of 1.91. The business's 50 day moving average is $16.00 and its two-hundred day moving average is $14.39.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $739.93 million. During the same period in the prior year, the business earned $0.02 earnings per share. SoFi Technologies's revenue for the quarter was up 32.7% compared to the same quarter last year. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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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