SoFi Technologies, Inc. $SOFI Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 40.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,416 shares of the company’s stock after selling 64,049 shares during the period. SG Americas Securities LLC’s holdings in SoFi Technologies were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SOFI. Foundations Investment Advisors LLC raised its stake in SoFi Technologies by 24.1% during the 2nd quarter. Foundations Investment Advisors LLC now owns 26,924 shares of the company’s stock valued at $490,000 after acquiring an additional 5,224 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of SoFi Technologies by 4.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 404,661 shares of the company’s stock valued at $7,369,000 after purchasing an additional 18,830 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of SoFi Technologies by 203.2% during the second quarter. PNC Financial Services Group Inc. now owns 84,880 shares of the company’s stock valued at $1,546,000 after purchasing an additional 56,887 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of SoFi Technologies by 90.7% during the second quarter. SBI Securities Co. Ltd. now owns 888,989 shares of the company’s stock valued at $16,188,000 after purchasing an additional 422,789 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its holdings in SoFi Technologies by 6.6% in the second quarter. Verus Capital Partners LLC now owns 19,383 shares of the company’s stock worth $353,000 after purchasing an additional 1,193 shares during the period. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Price Performance

NASDAQ SOFI opened at $24.91 on Friday. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The business’s fifty day moving average is $28.15 and its two-hundred day moving average is $22.15. The stock has a market capitalization of $30.04 billion, a P/E ratio of 46.13, a P/E/G ratio of 2.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

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

Wall Street Analyst Weigh In

A number of analysts have commented on SOFI shares. Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a report on Tuesday, October 28th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Citigroup lifted their price target on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, UBS Group upped their price objective on SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $25.06.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were 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 of the company’s stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the transaction, the executive vice president owned 275,374 shares of the company’s stock, valued at approximately $7,801,345.42. The trade was a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 118,805 shares of company stock valued at $3,279,080 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

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.