Intellus Advisors LLC Buys 15,490 Shares of SoFi Technologies, Inc. $SOFI

Intellus Advisors LLC boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 140,923 shares of the company’s stock after buying an additional 15,490 shares during the quarter. Intellus Advisors LLC’s holdings in SoFi Technologies were worth $2,566,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Soltis Investment Advisors LLC raised its holdings in shares of SoFi Technologies by 1.8% in the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock valued at $518,000 after purchasing an additional 501 shares during the last quarter. AE Wealth Management LLC increased its stake in SoFi Technologies by 2.8% in the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock valued at $339,000 after buying an additional 514 shares during the last quarter. Burney Co. lifted its position in shares of SoFi Technologies by 0.4% during the 2nd quarter. Burney Co. now owns 147,136 shares of the company’s stock worth $2,679,000 after buying an additional 557 shares in the last quarter. Drive Wealth Management LLC boosted its stake in shares of SoFi Technologies by 1.4% in the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock worth $738,000 after buying an additional 563 shares during the last quarter. Finally, USAdvisors Wealth Management LLC grew its holdings in shares of SoFi Technologies by 4.5% in the second quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock valued at $295,000 after acquiring an additional 700 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SOFI. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective for the company. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a report on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. UBS Group boosted their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley raised their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.06.

SoFi Technologies Trading Up 1.1%

Shares of SOFI stock opened at $25.19 on Monday. The stock has a market capitalization of $30.38 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 2.46 and a beta of 1.93. The company’s fifty day simple moving average is $28.12 and its two-hundred day simple moving average is $22.37. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

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

Insider Activity

In other news, CTO Jeremy Rishel sold 98,733 shares of the 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 represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Arun Pinto sold 46,132 shares of the firm’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 transaction of $1,142,228.32. Following the completion of the transaction, 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. Insiders have sold a total of 175,277 shares of company stock worth $4,694,595 over the last ninety days. Company 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.