SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC lifted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 308.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,398 shares of the company's stock after purchasing an additional 129,467 shares during the period. RFG Advisory LLC's holdings in SoFi Technologies were worth $1,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Elequin Capital LP lifted 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 valued at $42,000 after purchasing an additional 631 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after purchasing an additional 685 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock valued at $128,000 after purchasing an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of SoFi Technologies by 33.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after purchasing an additional 1,100 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of SoFi Technologies by 33.1% in the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock valued at $87,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the transaction, the executive vice president now directly owns 226,210 shares of the company's stock, valued at $2,877,391.20. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,507 shares of company stock valued at $1,283,528. Insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 4.2%

Shares of NASDAQ:SOFI traded up $0.57 during trading on Friday, reaching $14.24. The stock had a trading volume of 63,113,872 shares, compared to its average volume of 49,134,719. The business has a fifty day moving average price of $12.37 and a 200-day moving average price of $14.00. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.74 billion, a P/E ratio of 38.49, a PEG ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

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 analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The business had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company's revenue was up 32.7% on a year-over-year basis. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SOFI shares. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a report on Wednesday, April 30th. Barclays upped their price target on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Citizens Jmp started coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price target on the stock. Finally, JMP Securities started coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued a "market 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, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and a consensus target price of $14.36.

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.