Nwam LLC Has $682,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Nwam LLC grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,658 shares of the company's stock after buying an additional 14,023 shares during the period. Nwam LLC's holdings in SoFi Technologies were worth $682,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in SoFi Technologies by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in SoFi Technologies during the 4th quarter worth approximately $299,980,000. Geode Capital Management LLC lifted its holdings in SoFi Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares during the last quarter. Norges Bank acquired a new stake in SoFi Technologies during the 4th quarter worth approximately $103,678,000. Finally, Northern Trust Corp lifted its holdings in SoFi Technologies by 22.7% during the 4th quarter. Northern Trust Corp now owns 6,052,301 shares of the company's stock worth $93,205,000 after purchasing an additional 1,121,550 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SOFI has been the subject of several research reports. Stephens assumed coverage on SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target for the company. TD Cowen assumed coverage on SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price objective on the stock. Barclays raised their price objective on SoFi Technologies from $12.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. The Goldman Sachs Group assumed coverage on SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of SoFi Technologies in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SoFi Technologies presently has a consensus 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 firm's stock in a transaction on 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 sale, the chief technology officer owned 724,321 shares of the company's stock, valued at $11,263,191.55. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,267 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.22, for a total value of $156,263.74. Following the sale, the executive vice president directly owned 255,467 shares in the company, valued at approximately $3,888,207.74. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,095 shares of company stock valued at $3,939,168 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI traded down $0.28 during mid-day trading on Friday, hitting $21.81. 59,571,389 shares of the stock traded hands, compared to its average volume of 53,468,169. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $22.74. The company has a market cap of $24.11 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 3.65 and a beta of 1.91. The firm has a 50 day simple moving average of $16.00 and a two-hundred day simple moving average of $14.39.

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. 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 for the quarter, compared to the consensus estimate of $739.93 million. During the same quarter last year, the business posted $0.02 EPS. SoFi Technologies's revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.