72,526 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Portman Square Capital LLP

Portman Square Capital LLP acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 72,526 shares of the company's stock, valued at approximately $843,000. SoFi Technologies comprises approximately 0.0% of Portman Square Capital LLP's investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also recently bought and sold shares of SOFI. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies during the fourth quarter worth $27,000. Garde Capital Inc. bought a new stake in shares of SoFi Technologies during the first quarter worth $31,000. Mpwm Advisory Solutions LLC bought a new stake in shares of SoFi Technologies during the fourth quarter worth $32,000. Larson Financial Group LLC raised its position in shares of SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after acquiring an additional 1,519 shares during the last quarter. Finally, Copia Wealth Management raised its position in shares of SoFi Technologies by 3,316.0% during the first quarter. Copia Wealth Management now owns 3,416 shares of the company's stock worth $40,000 after acquiring an additional 3,316 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Down 3.0%

Shares of NASDAQ:SOFI traded down $0.66 during trading on Friday, hitting $21.43. 40,057,680 shares of the company's stock traded hands, compared to its average volume of 53,327,122. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $22.71. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91. The company has a 50-day moving average price of $15.83 and a 200-day moving average price of $14.35.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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. The business had revenue of $763.81 million for 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%. SoFi Technologies's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SOFI shares. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. TD Cowen began coverage on SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating and a $21.00 target price for the company. The Goldman Sachs Group began coverage on SoFi Technologies in a research note on Monday. They set a "neutral" rating and a $19.00 price objective for the company. Stephens began coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price objective for the company. Finally, Citizens Jmp cut SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.78.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 11,520 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total value of $154,137.60. Following the transaction, the executive vice president directly owned 203,509 shares of the company's stock, valued at $2,722,950.42. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,095 shares of company stock valued at $3,939,168 over the last three months. Company insiders own 2.60% of the company's stock.

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.