KLP Kapitalforvaltning AS Has $3.94 Million Holdings in SoFi Technologies, Inc. $SOFI

KLP Kapitalforvaltning AS increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,400 shares of the company’s stock after purchasing an additional 7,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in SoFi Technologies were worth $3,941,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SOFI. USAdvisors Wealth Management LLC lifted its holdings in SoFi Technologies by 4.5% during the second quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock worth $295,000 after acquiring an additional 700 shares in the last quarter. Wedmont Private Capital lifted its holdings in SoFi Technologies by 4.3% during the second 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 lifted its holdings in SoFi Technologies by 16.7% during the first 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 lifted its holdings in SoFi Technologies by 7.4% during the second 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 lifted its holdings in SoFi Technologies by 1.8% during the first 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SOFI. Truist Financial set a $23.00 target price on SoFi Technologies in a report on Monday, August 4th. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. Mizuho boosted their price target on SoFi Technologies from $26.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, Needham & Company LLC boosted their price target on SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price of $20.18.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $26.19 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The stock’s 50-day moving average is $25.59 and its 200-day moving average is $18.64. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of 54.57, a price-to-earnings-growth ratio of 3.39 and a beta of 1.92. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.SoFi Technologies’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction dated 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. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value 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 represents a 11.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,614 shares of company stock worth $3,452,672. 2.60% of the stock is owned by company insiders.

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.