SoFi Technologies, Inc. $SOFI Shares Bought by Nicholas Wealth LLC.

Nicholas Wealth LLC. grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,405 shares of the company’s stock after buying an additional 5,033 shares during the period. SoFi Technologies accounts for about 0.8% of Nicholas Wealth LLC.’s holdings, making the stock its 25th largest holding. Nicholas Wealth LLC.’s holdings in SoFi Technologies were worth $1,646,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Nuveen LLC purchased a new stake in SoFi Technologies during the first quarter worth approximately $47,616,000. Mizuho Markets Cayman LP purchased a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $45,525,000. ARK Investment Management LLC lifted its position in shares of SoFi Technologies by 118.5% during the 2nd quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock worth $80,564,000 after buying an additional 2,399,746 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of SoFi Technologies by 58.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock valued at $50,467,000 after buying an additional 1,598,721 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of SoFi Technologies by 3,703.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,337,048 shares of the company’s stock valued at $24,348,000 after buying an additional 1,301,899 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Needham & Company LLC lifted their target price on SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Rothschild & Co Redburn started coverage on SoFi Technologies in a research report on Friday, August 1st. They issued a “neutral” rating and a $20.50 target price for the company. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Finally, Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $25.06.

SoFi Technologies Stock Down 3.0%

SoFi Technologies stock opened at $26.24 on Wednesday. The stock has a 50 day moving average of $28.14 and a two-hundred day moving average of $22.10. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.73. The stock has a market capitalization of $31.64 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 2.64 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

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

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $28.33, for a total value of $284,319.88. Following the transaction, the executive vice president directly owned 275,374 shares of the company’s stock, valued at approximately $7,801,345.42. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the business’s 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 sale, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 118,805 shares of company stock worth $3,279,080 over the last three months. Corporate insiders own 2.60% of the company’s stock.

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.