Teamwork Financial Advisors LLC Invests $933,000 in SoFi Technologies, Inc. (NASDAQ:SOFI)

Teamwork Financial Advisors LLC purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 80,250 shares of the company's stock, valued at approximately $933,000.

Other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies during the fourth quarter worth approximately $31,000. Mpwm Advisory Solutions LLC bought a new stake in SoFi Technologies during the fourth quarter worth approximately $32,000. IAG Wealth Partners LLC bought a new stake in SoFi Technologies during the fourth quarter worth approximately $38,000. Finally, Elequin Capital LP boosted its position in SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock worth $42,000 after purchasing an additional 631 shares during the period. Institutional investors own 38.43% of the company's stock.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 68,625 shares of the firm'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 directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now directly owns 215,029 shares of the company's stock, valued at $2,302,960.59. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,507 shares of company stock worth $1,283,528. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. UBS Group upped their target price on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Barclays upped their price target on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. JMP Securities initiated coverage on SoFi Technologies in a report on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target for the company. Finally, Citizens Jmp initiated coverage on SoFi Technologies in a report on Friday, April 25th. They set an "outperform" rating and a $17.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.36.

SoFi Technologies Price Performance

SoFi Technologies stock traded up $0.57 during mid-day trading on Friday, hitting $14.24. 63,113,872 shares of the company were exchanged, compared to its average volume of 49,134,719. 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 business has a fifty day moving average of $12.37 and a 200 day moving average of $14.02. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The company has a market capitalization of $15.74 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.82.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The company 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 3.82% and a net margin of 18.64%. The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. As a group, sell-side analysts expect 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.