Steward Partners Investment Advisory LLC Acquires 2,332 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Steward Partners Investment Advisory LLC boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFIGet Rating) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,210 shares of the company’s stock after acquiring an additional 2,332 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SoFi Technologies were worth $191,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DCM International VI Ltd. purchased a new position in shares of SoFi Technologies in the 4th quarter worth about $185,092,000. State Street Corp boosted its holdings in shares of SoFi Technologies by 222.0% in the 4th quarter. State Street Corp now owns 5,929,036 shares of the company’s stock worth $93,738,000 after purchasing an additional 4,087,917 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of SoFi Technologies in the 4th quarter worth about $19,846,000. Northern Trust Corp boosted its holdings in SoFi Technologies by 80.7% during the 4th quarter. Northern Trust Corp now owns 1,899,144 shares of the company’s stock valued at $30,026,000 after acquiring an additional 848,206 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in SoFi Technologies by 92.9% during the 4th quarter. TD Asset Management Inc. now owns 1,382,988 shares of the company’s stock valued at $21,865,000 after acquiring an additional 665,944 shares during the period. 56.45% of the stock is currently owned by institutional investors.

Insider Transactions at SoFi Technologies

In related news, CEO Anthony Noto acquired 46,500 shares of SoFi Technologies stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of $5.37 per share, with a total value of $249,705.00. Following the transaction, the chief executive officer now directly owns 3,513,501 shares in the company, valued at $18,867,500.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Harvey M. Schwartz acquired 53,500 shares of SoFi Technologies stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of $5.59 per share, with a total value of $299,065.00. Following the transaction, the director now directly owns 283,352 shares in the company, valued at $1,583,937.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Noto acquired 46,500 shares of SoFi Technologies stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of $5.37 per share, with a total value of $249,705.00. Following the transaction, the chief executive officer now owns 3,513,501 shares in the company, valued at $18,867,500.37. The disclosure for this purchase can be found here. In the last quarter, insiders bought 257,753 shares of company stock valued at $1,561,711. Corporate insiders own 13.00% of the company’s stock.

SoFi Technologies Stock Up 0.2 %

Shares of NASDAQ:SOFI opened at $6.31 on Monday. SoFi Technologies, Inc. has a 52-week low of $4.82 and a 52-week high of $24.65. The firm has a market capitalization of $5.78 billion, a P/E ratio of -7.70 and a beta of 1.39. The stock has a 50 day moving average price of $6.30 and a 200-day moving average price of $8.41. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.60 and a current ratio of 5.60.

SoFi Technologies (NASDAQ:SOFIGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). SoFi Technologies had a negative return on equity of 9.24% and a negative net margin of 36.32%. The firm had revenue of $321.70 million during the quarter, compared to analyst estimates of $283.99 million. The company’s quarterly revenue was up 48.9% compared to the same quarter last year. As a group, equities research analysts anticipate that SoFi Technologies, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Moffett Nathanson assumed coverage on SoFi Technologies in a report on Tuesday, April 5th. They set a “buy” rating and a $13.00 target price for the company. Bank of America dropped their target price on SoFi Technologies from $12.00 to $7.00 in a report on Tuesday, May 10th. Oppenheimer dropped their target price on SoFi Technologies from $18.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, April 7th. Mizuho dropped their target price on SoFi Technologies from $9.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Finally, Piper Sandler dropped their target price on SoFi Technologies from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.73.

About SoFi Technologies

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SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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