Highlander Capital Management LLC Purchases 10,825 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Highlander Capital Management LLC grew its position in SoFi Technologies, Inc. (NASDAQ:SOFIGet Rating) by 30.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,325 shares of the company’s stock after acquiring an additional 10,825 shares during the period. Highlander Capital Management LLC’s holdings in SoFi Technologies were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SOFI. Janney Montgomery Scott LLC grew its position in shares of SoFi Technologies by 199.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 94,013 shares of the company’s stock valued at $1,486,000 after acquiring an additional 62,641 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of SoFi Technologies by 45.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 498,046 shares of the company’s stock valued at $7,874,000 after buying an additional 155,020 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $5,034,000. Dupont Capital Management Corp acquired a new stake in shares of SoFi Technologies in the fourth quarter valued at approximately $671,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of SoFi Technologies in the fourth quarter valued at about $382,000. Institutional investors own 56.45% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the topic of several research analyst reports. Bank of America dropped their price objective on shares of SoFi Technologies from $12.00 to $7.00 in a research report on Tuesday, May 10th. Citigroup decreased their price objective on SoFi Technologies from $17.00 to $11.00 in a report on Thursday, May 12th. Piper Sandler lowered their price objective on SoFi Technologies from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Mizuho boosted their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Credit Suisse Group raised their price target on shares of SoFi Technologies from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $13.73.

SoFi Technologies Stock Down 3.3 %

Shares of SOFI opened at $7.96 on Friday. SoFi Technologies, Inc. has a one year low of $4.82 and a one year high of $24.65. The company has a market cap of $7.29 billion, a P/E ratio of -17.30 and a beta of 1.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.60 and a quick ratio of 5.60. The firm has a 50 day simple moving average of $6.33 and a two-hundred day simple moving average of $8.25.

SoFi Technologies (NASDAQ:SOFIGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). SoFi Technologies had a negative net margin of 27.19% and a negative return on equity of 7.53%. The business had revenue of $321.70 million during the quarter, compared to the consensus estimate of $283.99 million. SoFi Technologies’s quarterly revenue was up 48.9% on a year-over-year basis. Research analysts forecast that SoFi Technologies, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, Director Harvey M. Schwartz bought 15,000 shares of the business’s stock in a transaction on Friday, May 13th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director now directly owns 229,852 shares of the company’s stock, valued at approximately $1,494,038. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Harvey M. Schwartz bought 15,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director now owns 229,852 shares of the company’s stock, valued at $1,494,038. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michelle Gill sold 50,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $5.48, for a total value of $274,000.00. Following the completion of the transaction, the executive vice president now owns 1,831,223 shares of the company’s stock, valued at $10,035,102.04. The disclosure for this sale can be found here. Insiders have purchased 257,753 shares of company stock worth $1,561,711 over the last quarter. Corporate insiders own 13.00% of the company’s stock.

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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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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