Cookson Peirce & Co. Inc. Acquires 135,080 Shares of SoFi Technologies, Inc. $SOFI

Cookson Peirce & Co. Inc. boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 180.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,909 shares of the company’s stock after buying an additional 135,080 shares during the period. Cookson Peirce & Co. Inc.’s holdings in SoFi Technologies were worth $3,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in shares of SoFi Technologies by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 122,128 shares of the company’s stock worth $2,224,000 after buying an additional 798 shares during the last quarter. Drive Wealth Management LLC lifted its stake in SoFi Technologies by 1.4% during the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock valued at $738,000 after acquiring an additional 563 shares during the period. CMG Global Holdings LLC lifted its stake in SoFi Technologies by 51.7% during the 2nd quarter. CMG Global Holdings LLC now owns 213,026 shares of the company’s stock valued at $3,879,000 after acquiring an additional 72,637 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in SoFi Technologies during the 2nd quarter valued at approximately $1,943,000. Finally, Hartline Investment Corp lifted its stake in SoFi Technologies by 3,939.1% during the 2nd quarter. Hartline Investment Corp now owns 520,757 shares of the company’s stock valued at $9,483,000 after acquiring an additional 507,864 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $28.75 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $30.30. The company has a fifty day simple moving average of $26.36 and a 200-day simple moving average of $19.47. The firm has a market capitalization of $34.43 billion, a price-to-earnings ratio of 59.90, a PEG ratio of 3.41 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data 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. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. SoFi Technologies’s quarterly revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,036 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president owned 285,410 shares of the company’s stock, valued at approximately $7,951,522.60. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction 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. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,347 shares of company stock valued at $3,228,852 in the last three months. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Mizuho boosted their price target on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Truist Financial set a $23.00 price target on shares of SoFi Technologies in a report on Monday, August 4th. JMP Securities reissued a “market perform” rating and issued a $17.00 price target on shares of SoFi Technologies in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of SoFi Technologies from $14.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.71.

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.