26,193 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Gainplan LLC

Gainplan LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,193 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in SoFi Technologies during the 4th quarter valued at $299,980,000. Vanguard Group Inc. lifted its stake in shares of SoFi Technologies by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock worth $1,514,390,000 after buying an additional 8,898,879 shares during the last quarter. Norges Bank bought a new stake in shares of SoFi Technologies during the 4th quarter worth about $103,678,000. Voloridge Investment Management LLC bought a new stake in shares of SoFi Technologies during the 4th quarter worth about $75,139,000. Finally, Amundi grew its stake in SoFi Technologies by 58,176.3% in the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after buying an additional 2,700,543 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial initiated coverage on SoFi Technologies in a report on Monday. They set a “hold” rating and a $14.00 price objective for the company. Barclays upped their price objective on SoFi Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 30th. Finally, Citizens Jmp assumed coverage on SoFi Technologies in a research note on Friday, April 25th. They issued an “outperform” rating and a $17.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.36.

SoFi Technologies Price Performance

SOFI stock opened at $13.46 on Thursday. The company has a market capitalization of $14.88 billion, a P/E ratio of 36.38, a PEG ratio of 2.24 and a beta of 1.82. The company has a fifty day moving average price of $12.29 and a 200-day moving average price of $14.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period last year, the company earned $0.02 EPS. SoFi Technologies’s revenue for the quarter was up 32.7% compared to the same quarter last year. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at $8,280,691.52. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 now owns 203,509 shares of the company’s stock, valued at $2,722,950.42. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,507 shares of company stock valued at $1,283,528. 2.60% of the stock is currently owned by company insiders.

About SoFi Technologies

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.