Rathbones Group PLC Makes New $176,000 Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Rathbones Group PLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,167 shares of the company's stock, valued at approximately $176,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its stake in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new stake in SoFi Technologies in the first quarter worth $28,000. Garde Capital Inc. purchased a new stake in SoFi Technologies in the first quarter worth $31,000. Mpwm Advisory Solutions LLC purchased a new stake in SoFi Technologies in the fourth quarter worth $32,000. Finally, Larson Financial Group LLC increased its stake in 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 period. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $23.29 on Friday. SoFi Technologies, Inc. has a 1-year low of $6.69 and a 1-year high of $25.11. The stock's 50-day moving average is $19.22 and its 200 day moving average is $15.21. The company has a market cap of $25.74 billion, a P/E ratio of 48.52, a PEG ratio of 2.95 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%. The firm's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. Research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on SOFI shares. Keefe, Bruyette & Woods increased their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Stephens initiated coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target on the stock. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research note on Friday, August 1st. They set a "neutral" rating and a $20.50 price target on the stock. Truist Financial set a $23.00 price target on SoFi Technologies in a research note on Monday, August 4th. Finally, JMP Securities restated a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $18.29.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was 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. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Magdalena Yesil sold 87,140 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 289,258 shares of the company's stock, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,181 shares of company stock valued at $4,043,240. 2.60% of the stock is currently owned by corporate insiders.

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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