Blair William & Co. IL Increases Holdings in SoFi Technologies, Inc. $SOFI

Blair William & Co. IL lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 443.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,698 shares of the company’s stock after acquiring an additional 273,972 shares during the quarter. Blair William & Co. IL’s holdings in SoFi Technologies were worth $6,113,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its stake in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after buying an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $28,000. SVB Wealth LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $28,000. Garde Capital Inc. purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $31,000. Finally, Larson Financial Group LLC lifted its stake in SoFi Technologies by 127.1% in the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock valued at $32,000 after buying an additional 1,519 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Down 7.9%

Shares of SOFI opened at $26.19 on Monday. The stock has a fifty day moving average of $25.59 and a two-hundred day moving average of $18.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The company has a market capitalization of $31.36 billion, a PE ratio of 54.57, a price-to-earnings-growth ratio of 3.11 and a beta of 1.92. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly 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. The company had revenue of $519.37 million during 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 revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SOFI. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. TD Cowen began coverage on SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Morgan Stanley upped their target price on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Rothschild & Co Redburn started coverage on SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price target for the company. One equities research 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 company. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $20.18.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction on 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 in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,614 shares of company stock valued at $3,452,672. Insiders own 2.60% of the company’s stock.

SoFi Technologies 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.