SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Blair William & Co. IL

Blair William & Co. IL boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 144.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 61,726 shares of the company's stock after purchasing an additional 36,496 shares during the period. Blair William & Co. IL's holdings in SoFi Technologies were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings 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 valued at $27,000 after buying an additional 2,200 shares in the last quarter. Garde Capital Inc. purchased a new position in SoFi Technologies in the first quarter valued at $31,000. Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies in the fourth quarter valued at $32,000. Larson Financial Group LLC increased its holdings in SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after buying an additional 1,519 shares in the last quarter. Finally, MCF Advisors LLC grew its position in shares of SoFi Technologies by 119.3% in the first quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock valued at $36,000 after purchasing an additional 1,671 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stephens assumed coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. JMP Securities reiterated a "market perform" rating and issued a $17.00 target price on shares of SoFi Technologies in a research report on Monday, July 14th. Cowen assumed coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating on the stock. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 target price (up previously from $11.00) on shares of SoFi Technologies in a research report on Wednesday, July 30th. Finally, Redburn Atlantic upgraded shares of SoFi Technologies to a "hold" rating in a research report on Friday, August 1st. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock 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 SoFi Technologies stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the transaction, the chief technology officer directly owned 724,321 shares of the company's stock, valued at $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total transaction of $154,137.60. Following the transaction, the executive vice president directly owned 203,509 shares in the company, valued at $2,722,950.42. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,181 shares of company stock valued at $4,043,240 over the last ninety days. Company insiders own 2.60% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $22.10 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. The firm's 50-day moving average is $18.45 and its two-hundred day moving average is $15.01. SoFi Technologies, Inc. has a 12 month low of $6.47 and a 12 month high of $25.11. The company has a market capitalization of $24.43 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 2.74 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.51%. The company had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same period in the previous year, the firm earned $0.01 earnings per share. SoFi Technologies's quarterly revenue was up 42.8% compared to the same quarter last year. Analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current 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.

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