11,492 Shares in SoFi Technologies, Inc. $SOFI Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, Holdings Channel reports. The firm purchased 11,492 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently bought and sold shares of SOFI. Soltis Investment Advisors LLC boosted its stake in shares of SoFi Technologies by 1.8% in the 2nd quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock valued at $518,000 after purchasing an additional 501 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in SoFi Technologies during the 2nd quarter valued at about $63,000. Axim Planning & Wealth boosted its position in SoFi Technologies by 6.8% in the second quarter. Axim Planning & Wealth now owns 15,650 shares of the company’s stock valued at $285,000 after buying an additional 1,000 shares in the last quarter. Ring Mountain Capital LLC grew its stake in SoFi Technologies by 81.5% during the second quarter. Ring Mountain Capital LLC now owns 22,499 shares of the company’s stock worth $410,000 after buying an additional 10,104 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in shares of SoFi Technologies by 13.0% during the second quarter. Freestone Capital Holdings LLC now owns 33,866 shares of the company’s stock worth $617,000 after buying an additional 3,905 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SoFi Technologies

In other news, EVP Kelli Keough sold 10,578 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were 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 owned 234,622 shares of the company’s stock, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction 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 sale, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,383 shares of company stock worth $3,513,171 in the last three months. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on SOFI shares. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price target on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a research report on Tuesday, October 28th. Truist Financial raised their price objective on shares of SoFi Technologies from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.06.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $30.66 on Thursday. The firm has a fifty day moving average of $28.01 and a two-hundred day moving average of $21.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.14 and a current ratio of 0.80. The stock has a market capitalization of $36.71 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 3.02 and a beta of 1.93. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

About SoFi Technologies

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.