SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 21.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 46,602 shares of the company’s stock after acquiring an additional 8,323 shares during the quarter. Global Retirement Partners LLC’s holdings in SoFi Technologies were worth $366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in SoFi Technologies during the first quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of SoFi Technologies by 55.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock worth $29,000 after purchasing an additional 1,543 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of SoFi Technologies by 65.3% during the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock worth $33,000 after purchasing an additional 1,981 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of SoFi Technologies during the first quarter worth $37,000. Finally, Blue Trust Inc. lifted its position in shares of SoFi Technologies by 783.5% during the second quarter. Blue Trust Inc. now owns 8,102 shares of the company’s stock worth $59,000 after purchasing an additional 7,185 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Finally, Barclays reduced their target price on shares of SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.25.

Insider Activity

In other news, EVP Kelli Keough sold 24,939 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the transaction, the executive vice president now owns 114,407 shares of the company’s stock, valued at approximately $830,594.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kelli Keough sold 24,939 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the transaction, the executive vice president now owns 114,407 shares of the company’s stock, valued at approximately $830,594.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,081 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $8.12, for a total transaction of $552,817.72. Following the transaction, the chief technology officer now directly owns 521,505 shares of the company’s stock, valued at approximately $4,234,620.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,328 shares of company stock valued at $808,246. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Stock Up 2.2 %

SOFI stock opened at $10.40 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $10.54. The firm has a fifty day moving average price of $7.99 and a two-hundred day moving average price of $7.35. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 1.72 and a beta of 1.70.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, July 30th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. SoFi Technologies had a negative net margin of 5.15% and a positive return on equity of 2.25%. The firm had revenue of $598.60 million during the quarter, compared to analyst estimates of $565.19 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Research analysts predict that SoFi Technologies, Inc. will post 0.1 EPS for the current 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.