Diversified Trust Co Purchases New Shares in SoFi Technologies, Inc. (NASDAQ:SOFI)

Diversified Trust Co purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,938 shares of the company’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. Two Sigma Advisers LP acquired a new stake in SoFi Technologies during the 4th quarter valued at $299,980,000. Vanguard Group Inc. boosted its position in 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 during the last quarter. Norges Bank bought a new position in SoFi Technologies in the 4th quarter valued at $103,678,000. Voloridge Investment Management LLC bought a new position in SoFi Technologies in the 4th quarter valued at $75,139,000. Finally, Amundi boosted its position 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.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 10,267 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.22, for a total transaction of $156,263.74. Following the sale, the executive vice president owned 255,467 shares of the company’s stock, valued at approximately $3,888,207.74. This trade represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. The trade was a 8.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,095 shares of company stock valued at $3,939,168. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of recent research reports. Truist Financial initiated coverage on SoFi Technologies in a research report on Monday, June 2nd. They issued a “hold” rating and a $14.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of SoFi Technologies in a research report on Wednesday, April 30th. UBS Group increased their price objective on SoFi Technologies from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Stephens started coverage on SoFi Technologies in a research report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, JMP Securities started coverage on SoFi Technologies in a research report on Friday, April 25th. They issued a “market outperform” rating and a $17.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average price target of $14.73.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $18.12 on Thursday. The company has a market capitalization of $20.03 billion, a PE ratio of 44.20, a PEG ratio of 2.99 and a beta of 1.91. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.92. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $14.01.

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

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.