Teamwork Financial Advisors LLC Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

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

A number of other institutional investors have also modified their holdings of the company. Berkshire Capital Holdings Inc. grew its position in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after acquiring an additional 620,800 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $3,703,000. Kercheville Advisors LLC purchased a new stake in SoFi Technologies during the 4th quarter worth approximately $1,594,000. Baltimore Washington Financial Advisors Inc. boosted its position in SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock valued at $9,131,000 after buying an additional 67,779 shares during the period. Finally, Highview Capital Management LLC DE acquired a new position in shares of SoFi Technologies in the fourth quarter worth $1,152,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.21 on Thursday, reaching $13.67. The stock had a trading volume of 70,557,814 shares, compared to its average volume of 48,826,586. The stock has a market cap of $15.11 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.82. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The business's 50-day moving average price is $12.29 and its 200 day moving average price is $14.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping 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 firm had revenue of $763.81 million during the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the prior year, the business earned $0.02 EPS. SoFi Technologies's quarterly revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the completion of the sale, the executive vice president now owns 215,029 shares in the company, valued at approximately $2,302,960.59. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,507 shares of company stock valued at $1,283,528. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SOFI has been the topic of several analyst reports. JMP Securities began coverage on SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective on the stock. Barclays boosted their price objective on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. UBS Group upped their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Truist Financial assumed coverage on shares of SoFi Technologies in a research note on Monday. They issued a "hold" rating and a $14.00 price target for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.