Stratos Wealth Advisors LLC Sells 4,290 Shares of SoFi Technologies, Inc. $SOFI

Stratos Wealth Advisors LLC cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,290 shares of the company’s stock after selling 4,290 shares during the period. Stratos Wealth Advisors LLC’s holdings in SoFi Technologies were worth $369,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of SoFi Technologies by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 945,897 shares of the company’s stock valued at $17,646,000 after purchasing an additional 9,301 shares during the last quarter. Copia Wealth Management increased its position in shares of SoFi Technologies by 63.7% during the 2nd quarter. Copia Wealth Management now owns 5,592 shares of the company’s stock valued at $102,000 after purchasing an additional 2,176 shares during the last quarter. Mutual Advisors LLC increased its position in shares of SoFi Technologies by 24.4% during the 2nd quarter. Mutual Advisors LLC now owns 13,714 shares of the company’s stock valued at $250,000 after purchasing an additional 2,689 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of SoFi Technologies during the 2nd quarter valued at $189,000. Finally, RFG Advisory LLC increased its position in shares of SoFi Technologies by 12.0% during the 2nd quarter. RFG Advisory LLC now owns 192,001 shares of the company’s stock valued at $3,496,000 after purchasing an additional 20,603 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Trading Down 0.2%

Shares of SOFI opened at $26.54 on Monday. The business has a 50-day moving average of $26.13 and a 200 day moving average of $19.27. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $30.30. The firm has a market cap of $31.78 billion, a P/E ratio of 55.29, a price-to-earnings-growth ratio of 3.15 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SOFI shares. Barclays raised their target price on SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. JMP Securities reaffirmed a “market perform” rating and set a $17.00 target price on shares of SoFi Technologies in a research report on Monday, July 14th. Citigroup raised their target price on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on SoFi Technologies from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus target price of $20.71.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,347 shares of company stock valued at $3,228,852 in the last ninety days. 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.