IFP Advisors Inc Purchases 4,381 Shares of SoFi Technologies, Inc. $SOFI

IFP Advisors Inc grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,023 shares of the company’s stock after purchasing an additional 4,381 shares during the quarter. IFP Advisors Inc’s holdings in SoFi Technologies were worth $1,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Callan Family Office LLC bought a new position in shares of SoFi Technologies in the second quarter valued at approximately $544,000. Blair William & Co. IL raised its position in shares of SoFi Technologies by 443.9% in the second quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock valued at $6,113,000 after purchasing an additional 273,972 shares during the period. Mainstay Capital Management LLC ADV raised its position in shares of SoFi Technologies by 114.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 41,216 shares of the company’s stock valued at $751,000 after purchasing an additional 21,957 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of SoFi Technologies by 3.5% in the second quarter. KLP Kapitalforvaltning AS now owns 216,400 shares of the company’s stock valued at $3,941,000 after purchasing an additional 7,300 shares during the period. Finally, Capital Advisors Inc. OK raised its position in shares of SoFi Technologies by 30.2% in the second quarter. Capital Advisors Inc. OK now owns 17,402 shares of the company’s stock valued at $317,000 after purchasing an additional 4,041 shares during the period. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Trading Down 7.9%

Shares of SoFi Technologies stock opened at $26.19 on Friday. The firm has a market capitalization of $31.36 billion, a PE ratio of 54.57, a price-to-earnings-growth ratio of 3.12 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The company’s fifty day moving average price is $25.59 and its two-hundred day moving average price is $18.68. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction on 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 owned 759,553 shares of the company’s stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the completion of the sale, the executive vice president directly owned 285,410 shares in the company, valued at $7,951,522.60. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,614 shares of company stock worth $3,452,672 in the last three months. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of research reports. Mizuho boosted their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Keefe, Bruyette & Woods boosted their target price on shares of SoFi Technologies from $13.00 to $14.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. TD Cowen initiated coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They set a “hold” rating and a $21.00 target price on the stock. Morgan Stanley boosted their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group initiated coverage on shares of SoFi Technologies in a research report on Monday, July 14th. They set a “neutral” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.18.

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.