338,841 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 338,841 shares of the company's stock, valued at approximately $3,941,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SOFI. Hazlett Burt & Watson Inc. boosted its stake in shares of SoFi Technologies by 2,200.0% during the 1st 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 during the last quarter. Garde Capital Inc. purchased a new position in shares of SoFi Technologies during the 1st quarter valued at approximately $31,000. Mpwm Advisory Solutions LLC bought a new position in SoFi Technologies during the fourth quarter worth $32,000. Larson Financial Group LLC boosted 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 worth $32,000 after purchasing an additional 1,519 shares during the period. Finally, Copia Wealth Management boosted its holdings in SoFi Technologies by 3,316.0% in the first quarter. Copia Wealth Management now owns 3,416 shares of the company's stock worth $40,000 after purchasing an additional 3,316 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on SOFI. Cowen began coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating for the company. Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 price objective (up previously from $11.00) on shares of SoFi Technologies in a report on Wednesday. The Goldman Sachs Group began coverage on shares of SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective for the company. TD Cowen began coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating and a $21.00 price objective for the company. Finally, Citizens Jmp downgraded shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $18.06.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,267 shares of SoFi Technologies stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60. Following the sale, the executive vice president directly owned 245,200 shares in the company, valued at $5,345,360. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the sale, the director owned 289,258 shares in the company, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,181 shares of company stock worth $4,043,240 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded down $1.02 during midday trading on Friday, reaching $21.56. 54,182,400 shares of the company traded hands, compared to its average volume of 60,575,105. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $25.11. The stock has a 50-day moving average price of $17.43 and a 200 day moving average price of $14.82. 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 company has a market cap of $23.83 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 2.57 and a beta of 1.91.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating 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 business had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. During the same period in the previous year, the business earned $0.01 earnings per share. The company's revenue was up 42.8% on a year-over-year basis. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

SoFi Technologies Company Profile

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.