Wealthcare Advisory Partners LLC acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,571 shares of the company’s stock, valued at approximately $229,000.
Several other large investors have also modified their holdings of SOFI. Nuveen LLC bought a new stake in shares of SoFi Technologies during the 1st quarter worth $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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 valued at $50,467,000 after purchasing an additional 1,598,721 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 valued at $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Sierra Summit Advisors LLC purchased a new stake in shares of SoFi Technologies in the first quarter valued at $9,715,000. Finally, SG Americas Securities LLC lifted its holdings in shares of SoFi Technologies by 138.3% in the first quarter. SG Americas Securities LLC now owns 156,465 shares of the company’s stock valued at $1,820,000 after purchasing an additional 565,390 shares in the last quarter. 38.43% of the stock is owned by institutional investors.
Insider Activity
In other SoFi Technologies 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 transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,614 shares of company stock worth $3,452,672. Corporate insiders own 2.60% of the company’s stock.
SoFi Technologies Price Performance
SoFi Technologies (NASDAQ:SOFI – Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue 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, analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on SOFI. Mizuho increased their target price on SoFi Technologies from $26.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Needham & Company LLC increased their target price on SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Citigroup increased their target price on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Truist Financial set a $23.00 target price on SoFi Technologies in a report on Monday, August 4th. Finally, JMP Securities restated a “market perform” rating and issued a $17.00 target price on shares of SoFi Technologies in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.18.
Check Out Our Latest Stock Report on SoFi Technologies
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.
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