Dynamic Advisor Solutions LLC Buys Shares of 14,959 SoFi Technologies, Inc. (NASDAQ:SOFI)

Dynamic Advisor Solutions LLC bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,959 shares of the company’s stock, valued at approximately $174,000.

Other hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $31,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $32,000. IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $38,000. Finally, Elequin Capital LP boosted its holdings in shares of SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company’s stock worth $42,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $13.95, for a total transaction of $1,215,603.00. Following the sale, the director now directly owns 376,398 shares of the company’s stock, valued at approximately $5,250,752.10. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total value of $154,137.60. Following the sale, the executive vice president now directly owns 203,509 shares in the company, valued at approximately $2,722,950.42. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,981 shares of company stock valued at $2,743,434 over the last three months. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Truist Financial assumed coverage on SoFi Technologies in a report on Monday, June 2nd. They set a “hold” rating and a $14.00 price objective on the stock. Stephens assumed coverage on SoFi Technologies in a report on Thursday, June 12th. They set an “overweight” rating and a $20.00 price objective on the stock. Citizens Jmp assumed coverage on SoFi Technologies in a report on Friday, April 25th. They set an “outperform” rating and a $17.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $14.73.

SoFi Technologies Trading Down 1.0%

NASDAQ:SOFI opened at $15.20 on Friday. The business’s 50-day moving average is $13.22 and its two-hundred day moving average is $13.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The firm has a market capitalization of $16.80 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.67 and a beta of 1.82.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The company had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same period last year, the company posted $0.02 earnings per share. The firm’s revenue was up 32.7% compared to the same quarter last year. Research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

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.