Sigma Planning Corp Increases Stock Position in SoFi Technologies, Inc. $SOFI

Sigma Planning Corp boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 34.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,653 shares of the company’s stock after acquiring an additional 15,617 shares during the quarter. Sigma Planning Corp’s holdings in SoFi Technologies were worth $1,104,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SOFI. Vanguard Group Inc. raised its holdings in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after acquiring an additional 1,130,250 shares in the last quarter. Sullivan Wood Capital Management LLC acquired a new stake in SoFi Technologies in the second quarter valued at approximately $2,799,000. Blair William & Co. IL raised its holdings in 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 acquiring an additional 273,972 shares in the last quarter. Nicholas Wealth LLC. acquired a new stake in SoFi Technologies in the first quarter valued at approximately $993,000. Finally, Quantitative Investment Management LLC acquired a new stake in SoFi Technologies in the first quarter valued at approximately $2,862,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction on 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 transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 129,383 shares of company stock worth $3,513,171 over the last three months. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Up 2.4%

SOFI stock opened at $30.07 on Thursday. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.93. The company has a fifty day moving average price of $27.56 and a 200 day moving average price of $21.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.56.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data 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 5.52%. The company had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. During the same period last year, the firm posted $0.05 EPS. SoFi Technologies’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. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Citizens Jmp cut shares of SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a report on Thursday, October 30th. Finally, Needham & Company LLC raised their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus 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.