US Bancorp DE Has $493,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Key Points

• US Bancorp DE increased its position in SoFi Technologies by 35.2%, acquiring an additional 11,031 shares, bringing its total holdings to 42,386 shares valued at approximately $493,000.
• Insider selling has been notable, with Director Magdalena Yesil and CTO Jeremy Rishel selling a combined total of 153,987 shares recently, indicating a decrease in their ownership stakes.
• Analysts have mixed ratings on SoFi Technologies, with an average target price of $18.29 and various firms adjusting their positions, including a boost from Needham & Company to a $25.00 target with a "buy" rating.

US Bancorp DE raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,386 shares of the company's stock after purchasing an additional 11,031 shares during the quarter. US Bancorp DE's holdings in SoFi Technologies were worth $493,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. grew its position in SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after buying an additional 2,200 shares in the last quarter. Garde Capital Inc. acquired a new stake in SoFi Technologies during the first quarter worth about $31,000. Mpwm Advisory Solutions LLC acquired a new stake in SoFi Technologies during the fourth quarter worth about $32,000. Larson Financial Group LLC grew its position in SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares in the last quarter. Finally, MCF Advisors LLC grew its position in SoFi Technologies by 119.3% during the first quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock worth $36,000 after buying an additional 1,671 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SOFI. Mizuho set a $26.00 target price on SoFi Technologies and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods lifted their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a research report on Friday, August 1st. They issued a "neutral" rating and a $20.50 price target for the company. The Goldman Sachs Group assumed coverage on shares of SoFi Technologies in a research report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Truist Financial set a $23.00 price target on shares of SoFi Technologies in a research report on Monday, August 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.29.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the company's 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 transaction, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the company's 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 owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,181 shares of company stock worth $4,043,240. Company insiders own 2.60% of the company's stock.

SoFi Technologies Price Performance

SOFI traded up $0.16 during midday trading on Wednesday, hitting $23.81. The company had a trading volume of 68,386,433 shares, compared to its average volume of 73,452,760. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The company has a market capitalization of $26.32 billion, a PE ratio of 49.60, a P/E/G ratio of 2.94 and a beta of 1.93. SoFi Technologies, Inc. has a twelve month low of $6.56 and a twelve month high of $25.11. The firm's 50-day simple moving average is $19.03 and its 200-day simple moving average is $15.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. Equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS 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.