Mutual Advisors LLC Has $250,000 Holdings in SoFi Technologies, Inc. $SOFI

Mutual Advisors LLC grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,714 shares of the company’s stock after buying an additional 2,689 shares during the period. Mutual Advisors LLC’s holdings in SoFi Technologies were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SOFI. Brighton Jones LLC lifted its position in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after buying an additional 14,281 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SoFi Technologies by 73.3% in the first quarter. Farther Finance Advisors LLC now owns 4,348 shares of the company’s stock worth $52,000 after buying an additional 1,839 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of SoFi Technologies by 39.8% in the first quarter. GAMMA Investing LLC now owns 8,283 shares of the company’s stock worth $96,000 after buying an additional 2,358 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of SoFi Technologies by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 450,089 shares of the company’s stock worth $5,235,000 after buying an additional 8,432 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of SoFi Technologies by 17.6% in the first quarter. Janney Montgomery Scott LLC now owns 147,931 shares of the company’s stock worth $1,720,000 after buying an additional 22,187 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,578 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,347 shares of company stock valued at $3,228,852. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Trading Up 0.2%

SoFi Technologies stock opened at $28.75 on Wednesday. The business has a 50 day moving average price of $26.36 and a two-hundred day moving average price of $19.47. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 59.90, a price-to-earnings-growth ratio of 3.41 and a beta of 1.92. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $30.30.

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

Analyst Ratings Changes

Several research firms recently weighed in on SOFI. Morgan Stanley boosted their price objective on SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Needham & Company LLC boosted their price objective on SoFi Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. JMP Securities reissued a “market perform” rating and set a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. Finally, Truist Financial set a $23.00 price objective on SoFi Technologies in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $20.71.

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.