11,665 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,665 shares of the company's stock, valued at approximately $136,000.

Several other hedge funds have also made changes to their positions in SOFI. Elequin Capital LP grew its holdings in shares of SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after buying an additional 631 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after purchasing an additional 685 shares during the last quarter. Bank of New Hampshire boosted its position in SoFi Technologies by 33.3% in the first quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock valued at $47,000 after buying an additional 1,000 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 33.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after buying an additional 1,100 shares during the period. Finally, Signaturefd LLC lifted its stake in SoFi Technologies by 6.2% during the 1st quarter. Signaturefd LLC now owns 21,476 shares of the company's stock valued at $250,000 after acquiring an additional 1,246 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SOFI has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $9.00 to $13.00 and gave the company an "underperform" rating in a research note on Thursday, July 10th. JMP Securities restated a "market perform" rating and issued a $17.00 target price on shares of SoFi Technologies in a research note on Monday, July 14th. UBS Group boosted their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Citizens Jmp cut shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.78.

Insider Buying and Selling at SoFi Technologies

In other news, 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 value of $154,137.60. Following the completion of the transaction, the executive vice president owned 203,509 shares in the company, valued at approximately $2,722,950.42. This trade represents a 5.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the sale, the chief technology officer owned 724,321 shares in the company, valued at $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. Insiders sold a total of 273,181 shares of company stock valued at $4,043,240 in the last three months. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Trading Down 0.9%

Shares of SOFI stock traded down $0.18 on Tuesday, hitting $20.98. 63,459,322 shares of the stock traded hands, compared to its average volume of 53,489,741. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $22.74. The stock has a market capitalization of $23.19 billion, a PE ratio of 51.17, a PEG ratio of 3.68 and a beta of 1.91. The firm's 50-day moving average price is $16.00 and its two-hundred day moving average price is $14.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up 32.7% on a year-over-year basis. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies 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.