SoFi Technologies, Inc. $SOFI Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 51.5% during the 2nd quarter, Holdings Channel reports. The fund owned 71,742 shares of the company’s stock after selling 76,213 shares during the quarter. Vontobel Holding Ltd.’s holdings in SoFi Technologies were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SOFI. USAdvisors Wealth Management LLC increased its position in shares of SoFi Technologies by 4.5% during the 2nd quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock valued at $295,000 after purchasing an additional 700 shares during the period. Wedmont Private Capital boosted its stake in shares of SoFi Technologies by 4.3% during the 2nd quarter. Wedmont Private Capital now owns 21,493 shares of the company’s stock worth $435,000 after acquiring an additional 879 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in shares of SoFi Technologies by 16.7% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company’s stock worth $81,000 after acquiring an additional 1,000 shares in the last quarter. Future Financial Wealth Managment LLC boosted its stake in shares of SoFi Technologies by 7.4% during the 2nd quarter. Future Financial Wealth Managment LLC now owns 14,500 shares of the company’s stock worth $264,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of SoFi Technologies by 1.8% during the 1st quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company’s stock worth $737,000 after acquiring an additional 1,092 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $26.19 on Monday. The stock has a market cap of $31.36 billion, a PE ratio of 54.57, a price-to-earnings-growth ratio of 3.11 and a beta of 1.92. The business has a fifty day simple moving average of $25.59 and a 200-day simple moving average of $18.73. 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 12 month low of $8.60 and a 12 month high of $30.30.

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

Insider Buying and Selling at SoFi Technologies

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SOFI shares. Citigroup raised their price objective on SoFi Technologies from $18.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. Cowen started coverage on SoFi Technologies in a research note on Friday, July 11th. They set a “hold” rating for the company. JMP Securities reissued a “market perform” rating and set a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. Finally, Morgan Stanley raised their price objective on SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.18.

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.