Dfpg Investments LLC Acquires 25,694 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Dfpg Investments LLC grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) by 131.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,251 shares of the company’s stock after purchasing an additional 25,694 shares during the period. Dfpg Investments LLC’s holdings in SoFi Technologies were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 66,808,733 shares of the company’s stock worth $326,027,000 after purchasing an additional 4,846,633 shares in the last quarter. BlackRock Inc. grew its holdings in shares of SoFi Technologies by 2.7% in the third quarter. BlackRock Inc. now owns 31,679,161 shares of the company’s stock worth $154,595,000 after acquiring an additional 826,805 shares during the period. Moneta Group Investment Advisors LLC bought a new stake in shares of SoFi Technologies in the fourth quarter worth $83,643,000. State Street Corp grew its holdings in shares of SoFi Technologies by 0.4% in the third quarter. State Street Corp now owns 11,735,611 shares of the company’s stock worth $57,270,000 after acquiring an additional 48,717 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of SoFi Technologies by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 11,567,145 shares of the company’s stock worth $53,324,000 after acquiring an additional 589,623 shares during the period. Institutional investors own 32.73% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $8.28 on Friday. The stock’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $5.98. SoFi Technologies, Inc. has a 52 week low of $4.24 and a 52 week high of $10.23. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -26.71 and a beta of 1.65. The company has a quick ratio of 0.31, a current ratio of 1.80 and a debt-to-equity ratio of 1.17.

SoFi Technologies (NASDAQ:SOFI – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $460.20 million for the quarter, compared to the consensus estimate of $436.78 million. SoFi Technologies had a negative return on equity of 4.70% and a negative net margin of 13.72%. The business’s revenue was up 43.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share. As a group, analysts expect that SoFi Technologies, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Webb Lauren Stafford sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $9.29, for a total value of $929,000.00. Following the sale, the chief marketing officer now directly owns 335,945 shares in the company, valued at $3,120,929.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Webb Lauren Stafford sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $9.29, for a total value of $929,000.00. Following the sale, the chief marketing officer now directly owns 335,945 shares in the company, valued at $3,120,929.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad M. Borton sold 90,458 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $8.68, for a total value of $785,175.44. Following the sale, the insider now directly owns 229,449 shares in the company, valued at $1,991,617.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 590,458 shares of company stock worth $4,746,175. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SOFI. Truist Financial lifted their price objective on SoFi Technologies from $8.00 to $11.00 in a report on Monday, June 12th. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $5.00 to $5.50 in a report on Thursday, June 8th. Bank of America lowered SoFi Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $9.50 to $10.00 in a report on Friday, June 16th. BTIG Research initiated coverage on SoFi Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Oppenheimer downgraded SoFi Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.75.

SoFi Technologies Profile

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SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company’s lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.

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