SoFi Technologies, Inc. $SOFI Shares Acquired by GM Advisory Group LLC

GM Advisory Group LLC increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 395.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 200,426 shares of the company’s stock after buying an additional 160,000 shares during the quarter. GM Advisory Group LLC’s holdings in SoFi Technologies were worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Lake Street Private Wealth LLC raised its stake in SoFi Technologies by 4.9% in the 4th quarter. Lake Street Private Wealth LLC now owns 8,368 shares of the company’s stock worth $219,000 after acquiring an additional 390 shares during the last quarter. Capital Advisors Wealth Management LLC grew its stake in SoFi Technologies by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 109,483 shares of the company’s stock valued at $2,866,000 after purchasing an additional 401 shares during the last quarter. First Horizon Corp grew its stake in SoFi Technologies by 14.9% during the 4th quarter. First Horizon Corp now owns 3,116 shares of the company’s stock valued at $82,000 after purchasing an additional 405 shares during the last quarter. Cigna Investments Inc. New increased its holdings in shares of SoFi Technologies by 3.8% in the fourth quarter. Cigna Investments Inc. New now owns 11,440 shares of the company’s stock valued at $299,000 after purchasing an additional 416 shares during the period. Finally, Wealthspan Partners LLC increased its holdings in shares of SoFi Technologies by 2.4% in the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company’s stock valued at $495,000 after purchasing an additional 450 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the completion of the sale, the executive vice president directly owned 378,682 shares in the company, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 134,044 shares of company stock worth $2,370,056 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SOFI shares. Mizuho set a $29.00 price objective on SoFi Technologies in a research note on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Morgan Stanley set a $16.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Argus began coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating for the company. Finally, Stephens decreased their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $18.24 on Friday. The company has a market capitalization of $23.40 billion, a PE ratio of 41.46 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company’s fifty day moving average price is $16.88 and its 200 day moving average price is $19.77. SoFi Technologies, Inc. has a 1 year low of $14.92 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.