SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by River Street Advisors LLC

River Street Advisors LLC increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 22.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,282 shares of the company’s stock after purchasing an additional 7,868 shares during the quarter. River Street Advisors LLC’s holdings in SoFi Technologies were worth $316,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in SoFi Technologies by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 81,459,986 shares of the company’s stock worth $810,527,000 after purchasing an additional 5,057,233 shares during the last quarter. Norges Bank purchased a new position in SoFi Technologies during the fourth quarter worth $71,349,000. Charles Schwab Investment Management Inc. increased its position in SoFi Technologies by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,493,410 shares of the company’s stock worth $54,659,000 after buying an additional 199,949 shares in the last quarter. Northern Trust Corp increased its position in SoFi Technologies by 15.4% during the third quarter. Northern Trust Corp now owns 4,371,786 shares of the company’s stock worth $34,931,000 after buying an additional 584,335 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in SoFi Technologies by 241.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,896,692 shares of the company’s stock worth $38,772,000 after buying an additional 2,755,197 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Up 1.1 %

SOFI stock traded up $0.07 during trading on Friday, reaching $6.61. 30,002,049 shares of the stock traded hands, compared to its average volume of 31,283,322. The business’s 50 day moving average price is $6.94 and its 200-day moving average price is $7.70. SoFi Technologies, Inc. has a 52-week low of $6.20 and a 52-week high of $11.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.24. The firm has a market capitalization of $6.99 billion, a PE ratio of -21.32, a P/E/G ratio of 1.53 and a beta of 1.72.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $580.60 million during the quarter, compared to the consensus estimate of $555.27 million. SoFi Technologies had a positive return on equity of 1.10% and a negative net margin of 8.21%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Anthony Noto acquired 28,900 shares of SoFi Technologies stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $6.92 per share, for a total transaction of $199,988.00. Following the completion of the purchase, the chief executive officer now directly owns 8,062,269 shares in the company, valued at approximately $55,790,901.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Anthony Noto acquired 28,900 shares of SoFi Technologies stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $6.92 per share, for a total transaction of $199,988.00. Following the completion of the purchase, the chief executive officer now directly owns 8,062,269 shares in the company, valued at approximately $55,790,901.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 56,273 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $6.41, for a total value of $360,709.93. Following the completion of the transaction, the chief technology officer now owns 453,464 shares in the company, valued at approximately $2,906,704.24. The disclosure for this sale can be found here. Insiders have purchased a total of 88,390 shares of company stock worth $597,569 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SOFI has been the subject of several recent research reports. Citigroup initiated coverage on SoFi Technologies in a research report on Monday, April 8th. They set a “buy” rating and a $11.00 price target for the company. Wedbush reissued an “underperform” rating and set a $3.00 price target on shares of SoFi Technologies in a research report on Tuesday, April 30th. BTIG Research initiated coverage on SoFi Technologies in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered their price objective on SoFi Technologies from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on SoFi Technologies from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average price target of $9.32.

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.