GAMMA Investing LLC Has $96,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

GAMMA Investing LLC grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 39.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,283 shares of the company’s stock after buying an additional 2,358 shares during the quarter. GAMMA Investing LLC’s holdings in SoFi Technologies were worth $96,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of SoFi Technologies by 9.9% in the 4th 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 in the last quarter. Two Sigma Advisers LP acquired a new position in shares of SoFi Technologies in the 4th quarter valued at $299,980,000. Geode Capital Management LLC raised its stake in shares of SoFi Technologies by 1.8% in the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $103,678,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of SoFi Technologies by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company’s stock worth $97,230,000 after purchasing an additional 167,780 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

SOFI has been the topic of several analyst reports. UBS Group upped their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Citizens Jmp initiated coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued an “outperform” rating and a $17.00 target price on the stock. Truist Financial initiated coverage on shares of SoFi Technologies in a report on Monday, June 2nd. They issued a “hold” rating and a $14.00 target price on the stock. JMP Securities initiated coverage on shares of SoFi Technologies in a report on Friday, April 25th. They issued a “market outperform” rating and a $17.00 target price on the stock. Finally, Stephens initiated coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.73.

SoFi Technologies Stock Up 2.3%

Shares of NASDAQ:SOFI opened at $18.54 on Monday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.92. The company’s 50-day moving average price is $14.40 and its two-hundred day moving average price is $14.02. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $20.49 billion, a P/E ratio of 45.21, a P/E/G ratio of 3.15 and a beta of 1.91.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. During the same period in the prior year, the company posted $0.02 EPS. The company’s revenue was up 32.7% compared to the same quarter last year. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the transaction, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. This represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the transaction, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,095 shares of company stock worth $3,939,168. Company insiders own 2.60% of the company’s stock.

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.