SoFi Technologies, Inc. $SOFI Holdings Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,880 shares of the company’s stock after purchasing an additional 22,173 shares during the quarter. Fox Run Management L.L.C.’s holdings in SoFi Technologies were worth $1,145,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC bought a new stake in shares of SoFi Technologies during the first quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in shares of SoFi Technologies during the first quarter worth approximately $28,000. Larson Financial Group LLC grew its holdings in SoFi Technologies by 127.1% in the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock worth $32,000 after buying an additional 1,519 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in SoFi Technologies by 119.3% in the 1st quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock worth $36,000 after buying an additional 1,671 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised their price target on SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. Finally, BTIG Research reiterated a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.06.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the transaction, the executive vice president directly owned 275,374 shares in the company, valued at approximately $7,801,345.42. The trade was a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 129,383 shares of company stock valued at $3,513,171. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI opened at $28.21 on Friday. The company has a 50-day moving average of $27.64 and a two-hundred day moving average of $21.23. The stock has a market cap of $33.78 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 2.75 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.56.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.52% and a net margin of 19.29%.The business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. SoFi Technologies’s revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

About SoFi Technologies

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.