SoFi Technologies, Inc. $SOFI Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,947 shares of the company’s stock after acquiring an additional 5,995 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in SoFi Technologies were worth $1,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after acquiring an additional 1,130,250 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of SoFi Technologies by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock worth $75,278,000 after acquiring an additional 159,109 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 58.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock worth $50,467,000 after acquiring an additional 1,598,721 shares in the last quarter. Nuveen LLC acquired a new position in shares of SoFi Technologies in the first quarter worth about $47,616,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of SoFi Technologies by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 3,261,225 shares of the company’s stock worth $37,928,000 after acquiring an additional 37,855 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were 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 owned 759,553 shares of the company’s stock, valued at $20,887,707.50. This represents a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares of the company’s stock, valued at approximately $7,951,522.60. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,347 shares of company stock valued at $3,228,852. Insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $28.68 on Tuesday. 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 fifty-two week low of $8.60 and a fifty-two week high of $30.30. The firm has a 50-day simple moving average of $26.26 and a 200 day simple moving average of $19.41. The company has a market cap of $34.34 billion, a PE ratio of 59.75, a P/E/G ratio of 3.15 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.01 EPS. The company’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. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SOFI. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 target price on the stock. TD Cowen began coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating and a $21.00 target price on the stock. Needham & Company LLC upped their target price on shares of SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Mizuho upped their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Finally, Citigroup upped their target price on shares of SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.71.

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.