15,750 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by Choreo LLC

Choreo LLC purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,750 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of SoFi Technologies in the 1st quarter worth approximately $27,000. Tortoise Investment Management LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $39,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $40,000. Allspring Global Investments Holdings LLC lifted its position in SoFi Technologies by 55.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,333 shares of the company’s stock valued at $29,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in SoFi Technologies in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of SoFi Technologies in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered their price objective on SoFi Technologies from $7.50 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. BTIG Research initiated coverage on SoFi Technologies in a report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Barclays lowered their price target on SoFi Technologies from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average target price of $9.14.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $8.05 on Friday. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $10.49. The stock’s fifty day moving average is $7.32 and its 200 day moving average is $7.15. The stock has a market cap of $8.51 billion, a P/E ratio of -25.97, a P/E/G ratio of 1.48 and a beta of 1.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.88.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. SoFi Technologies had a positive return on equity of 2.25% and a negative net margin of 5.15%. The company had revenue of $598.60 million for the quarter, compared to analysts’ expectations of $565.19 million. During the same period last year, the firm earned ($0.06) EPS. SoFi Technologies’s revenue for the quarter was up 20.2% compared to the same quarter last year. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.1 earnings per share for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 24,939 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $7.26, for a total transaction of $181,057.14. Following the completion of the sale, the executive vice president now owns 114,407 shares in the company, valued at $830,594.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.