Choreo LLC Takes Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Choreo LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,750 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds have also bought and sold shares of the company. ORG Partners LLC purchased a new stake in SoFi Technologies in the first quarter worth $27,000. Allspring Global Investments Holdings LLC grew its position in shares of SoFi Technologies by 55.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after purchasing an additional 1,543 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in shares of SoFi Technologies by 61.2% in the first quarter. SOA Wealth Advisors LLC. now owns 4,513 shares of the company’s stock valued at $33,000 after purchasing an additional 1,713 shares in the last quarter. GAMMA Investing LLC grew its position in shares of SoFi Technologies by 65.3% in the second quarter. GAMMA Investing LLC now owns 5,017 shares of the company’s stock valued at $33,000 after purchasing an additional 1,981 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of SoFi Technologies in the first quarter valued at $37,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Trading Down 1.7 %

NASDAQ SOFI opened at $8.05 on Friday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $10.49. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $7.32 and a 200-day moving average of $7.15. The firm has a market cap of $8.51 billion, a PE ratio of -25.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.70.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $598.60 million during the quarter, compared to analyst estimates of $565.19 million. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. SoFi Technologies’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Barclays reduced their target price on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. BTIG Research began coverage on SoFi Technologies in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.14.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 24,939 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total transaction of $181,057.14. Following the transaction, the executive vice president now owns 114,407 shares in the company, valued at approximately $830,594.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

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.