SoFi Technologies, Inc. $SOFI Shares Sold by Matisse Capital

Matisse Capital lessened its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 81.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,890 shares of the company’s stock after selling 61,420 shares during the period. Matisse Capital’s holdings in SoFi Technologies were worth $367,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Brighton Jones LLC increased its stake in SoFi Technologies by 2.0% during the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of SoFi Technologies during the first quarter valued at $129,000. Empowered Funds LLC increased its position in shares of SoFi Technologies by 5.2% in the 1st quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after acquiring an additional 1,631 shares during the period. Voya Investment Management LLC raised its stake in SoFi Technologies by 1.2% in the 1st quarter. Voya Investment Management LLC now owns 184,665 shares of the company’s stock worth $2,148,000 after acquiring an additional 2,186 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in SoFi Technologies by 62.5% during the 2nd quarter. Parallel Advisors LLC now owns 14,229 shares of the company’s stock worth $259,000 after acquiring an additional 5,475 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. The Goldman Sachs Group cut their price target on shares of SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Morgan Stanley upped their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Barclays boosted their target price on shares of SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus price target of $25.50.

SoFi Technologies Stock Down 1.2%

SOFI stock opened at $26.13 on Tuesday. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The firm’s fifty day moving average is $27.42 and its 200 day moving average is $26.05. The firm has a market cap of $31.51 billion, a PE ratio of 48.39, a P/E/G ratio of 1.63 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The business had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. 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 EPS for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,340 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the transaction, the executive vice president owned 265,034 shares in the company, valued at approximately $7,004,848.62. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares of the company’s stock, valued at $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 157,777 shares of company stock worth $4,119,014. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.