Future Financial Wealth Managment LLC Purchases 1,000 Shares of SoFi Technologies, Inc. $SOFI

Future Financial Wealth Managment LLC boosted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,500 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Future Financial Wealth Managment LLC’s holdings in SoFi Technologies were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of SoFi Technologies during the first quarter valued at approximately $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SoFi Technologies by 58.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock valued at $50,467,000 after acquiring an additional 1,598,721 shares in the last quarter. Vanguard Group Inc. boosted its position in SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after acquiring an additional 1,130,250 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in SoFi Technologies during the 1st quarter valued at $9,715,000. Finally, SG Americas Securities LLC boosted its position in SoFi Technologies by 138.3% during the 1st quarter. SG Americas Securities LLC now owns 156,465 shares of the company’s stock valued at $1,820,000 after acquiring an additional 565,390 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Down 2.8%

SOFI stock opened at $25.24 on Friday. The firm has a 50 day moving average of $25.03 and a 200 day moving average of $18.15. The stock has a market capitalization of $30.22 billion, a PE ratio of 52.58, a price-to-earnings-growth ratio of 3.09 and a beta of 1.92. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a 52 week low of $7.90 and a 52 week high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the completion of the sale, the executive vice president owned 285,410 shares of the company’s stock, valued at approximately $7,951,522.60. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the sale, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,614 shares of company stock valued at $3,452,672. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stephens assumed coverage on SoFi Technologies in a research report on Thursday, June 12th. They set an “overweight” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a report on Saturday, September 27th. TD Cowen started coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a “hold” rating and a $21.00 price target on the stock. Finally, Citizens Jmp downgraded shares of SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and an average price target of $20.18.

SoFi Technologies 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.