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

Global Retirement Partners LLC raised its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 46,602 shares of the company’s stock after acquiring an additional 8,323 shares during the period. Global Retirement Partners LLC’s holdings in SoFi Technologies were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SOFI. ORG Partners LLC acquired a new stake in shares of SoFi Technologies in the 1st quarter worth $27,000. Allspring Global Investments Holdings LLC increased its holdings in shares of SoFi Technologies by 55.3% in the 2nd 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. GAMMA Investing LLC increased its holdings in shares of SoFi Technologies by 65.3% in the 2nd 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. Future Financial Wealth Managment LLC purchased a new position in shares of SoFi Technologies in the 1st quarter valued at about $37,000. Finally, Blue Trust Inc. increased its holdings in shares of SoFi Technologies by 783.5% in the 2nd quarter. Blue Trust Inc. now owns 8,102 shares of the company’s stock valued at $59,000 after purchasing an additional 7,185 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $10.40 on Tuesday. The company has a market cap of $11.00 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $10.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. The company has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $7.35.

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

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,081 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $8.12, for a total value of $552,817.72. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Jeremy Rishel sold 68,081 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $8.12, for a total value of $552,817.72. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 9,308 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $7.99, for a total transaction of $74,370.92. Following the completion of the sale, the executive vice president now directly owns 161,511 shares in the company, valued at $1,290,472.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,328 shares of company stock worth $808,246 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.