15,544 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,544 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock valued at $1,514,390,000 after buying an additional 8,898,879 shares during the period. Two Sigma Advisers LP acquired a new stake in SoFi Technologies during the fourth quarter valued at $299,980,000. Geode Capital Management LLC grew its position in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company’s stock valued at $276,288,000 after buying an additional 315,899 shares during the period. Norges Bank acquired a new stake in SoFi Technologies during the fourth quarter valued at $103,678,000. Finally, Charles Schwab Investment Management Inc. grew its position in SoFi Technologies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company’s stock valued at $97,230,000 after buying an additional 167,780 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

SOFI opened at $18.54 on Friday. The firm has a market capitalization of $20.49 billion, a PE ratio of 45.21, a PEG ratio of 3.15 and a beta of 1.91. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.92. The firm’s 50-day moving average price is $14.40 and its 200 day moving average price is $14.03. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. SoFi Technologies had a net margin of 17.21% and a return on equity of 3.34%. The firm had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same period in the previous year, the business posted $0.02 earnings per share. SoFi Technologies’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 11,520 shares of SoFi Technologies stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $13.38, for a total transaction of $154,137.60. Following the transaction, the executive vice president directly owned 203,509 shares of the company’s stock, valued at $2,722,950.42. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,095 shares of company stock valued at $3,939,168 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the topic of several analyst reports. Citizens Jmp initiated coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They set an “outperform” rating and a $17.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of SoFi Technologies in a research report on Wednesday, April 30th. Stephens assumed coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 target price on the stock. JMP Securities assumed coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued a “market outperform” rating and a $17.00 target price on the stock. Finally, Truist Financial assumed coverage on shares of SoFi Technologies in a research report on Monday, June 2nd. They issued a “hold” rating and a $14.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $14.73.

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.