Sequoia Financial Advisors LLC Sells 4,367 Shares of SoFi Technologies, Inc. $SOFI

Sequoia Financial Advisors LLC cut its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 28.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,177 shares of the company’s stock after selling 4,367 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SoFi Technologies were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. USAdvisors Wealth Management LLC raised 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 valued at $295,000 after acquiring an additional 700 shares during the period. Wedmont Private Capital raised 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 valued at $435,000 after acquiring an additional 879 shares during the period. Vermillion & White Wealth Management Group LLC raised 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 valued at $81,000 after acquiring an additional 1,000 shares during the period. Future Financial Wealth Managment LLC raised 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 valued at $264,000 after acquiring an additional 1,000 shares during the period. Finally, Arkadios Wealth Advisors raised 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 valued at $737,000 after acquiring an additional 1,092 shares during the period. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Trading Up 3.3%

SOFI opened at $28.08 on Friday. The firm has a market cap of $33.62 billion, a P/E ratio of 58.50, a P/E/G ratio of 3.23 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. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $26.52 and a 200 day moving average of $19.65.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly 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 firm had revenue of $519.37 million during the quarter, compared to analyst estimates 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. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of recent analyst reports. Truist Financial set a $23.00 price target on SoFi Technologies in a report on Monday, August 4th. Cowen began coverage on SoFi Technologies in a research note on Friday, July 11th. They set a “hold” rating for the company. The Goldman Sachs Group raised their price target on SoFi Technologies from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Finally, Mizuho raised 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.71.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 98,733 shares of the business’s 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 sale, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $28.33, for a total value of $284,319.88. Following the completion of the sale, the executive vice president owned 275,374 shares of the company’s stock, valued at $7,801,345.42. The trade was a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,383 shares of company stock valued at $3,513,171 in the last quarter. 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.