SoFi Technologies, Inc. $SOFI Stake Trimmed by Grange Capital LLC

Grange Capital LLC cut its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 29.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,068 shares of the company’s stock after selling 24,994 shares during the quarter. SoFi Technologies accounts for 1.1% of Grange Capital LLC’s portfolio, making the stock its 27th largest position. Grange Capital LLC’s holdings in SoFi Technologies were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of SoFi Technologies by 1.1% in the 1st 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of SoFi Technologies by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock valued at $75,278,000 after purchasing an additional 159,109 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 during the period. ARK Investment Management LLC boosted its position in shares of SoFi Technologies by 118.5% in the second quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock worth $80,564,000 after buying an additional 2,399,746 shares during the period. Finally, Nuveen LLC purchased a new position in shares of SoFi Technologies during the first quarter valued at $47,616,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SOFI has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research report on Tuesday, October 28th. Needham & Company LLC boosted their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a research report on Friday, August 1st. They issued a “neutral” rating and a $20.50 target price for the company. Finally, UBS Group upped their price target on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.06.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,578 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the transaction, the executive vice president owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. The trade was a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,383 shares of company stock worth $3,513,171 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Up 3.9%

SOFI opened at $28.21 on Monday. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.56. The firm has a market cap of $33.78 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 2.75 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The business has a 50 day moving average price of $27.64 and a 200 day moving average price of $21.30.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. SoFi Technologies’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

About SoFi Technologies

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.