PKS Advisory Services LLC Acquires Shares of 11,000 SoFi Technologies, Inc. $SOFI

PKS Advisory Services LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, Holdings Channel.com reports. The fund bought 11,000 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors also recently bought and sold shares of SOFI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of SoFi Technologies by 12.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after buying an additional 540,610 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after acquiring an additional 1,130,250 shares in the last quarter. Sullivan Wood Capital Management LLC purchased a new stake in shares of SoFi Technologies during the 2nd quarter worth approximately $2,799,000. Blair William & Co. IL lifted its position in SoFi Technologies by 443.9% during 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 last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of SoFi Technologies in the 2nd quarter valued at about $209,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 6.8%

NASDAQ:SOFI opened at $24.91 on Friday. 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, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73. The company has a 50-day moving average of $28.15 and a 200 day moving average of $22.15. The firm has a market cap of $30.04 billion, a PE ratio of 46.13, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $880.33 million. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the company’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 transaction, the executive vice president directly owned 275,374 shares of the company’s stock, valued at $7,801,345.42. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on 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 transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,805 shares of company stock worth $3,279,080 in the last ninety days. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SOFI. Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a research note on Friday, August 1st. They set a “neutral” rating and a $20.50 price objective for the company. Truist Financial boosted their target price on shares of SoFi Technologies from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Redburn Atlantic raised shares of SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average target price of $25.06.

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.