Thoroughbred Financial Services LLC Acquires New Shares in SoFi Technologies, Inc. $SOFI

Thoroughbred Financial Services LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,857 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also added to or reduced their stakes in SOFI. Hazlett Burt & Watson Inc. lifted its position in shares of SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock worth $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new position in SoFi Technologies during the first quarter valued at approximately $28,000. SVB Wealth LLC bought a new position in SoFi Technologies in the first quarter worth approximately $28,000. TD Private Client Wealth LLC lifted its holdings in SoFi Technologies by 153.9% during the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock worth $47,000 after buying an additional 1,553 shares during the period. Finally, Larson Financial Group LLC boosted its position in SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock valued at $32,000 after acquiring an additional 1,519 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $26.24 on Wednesday. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73. The firm has a market capitalization of $31.64 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 2.64 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The stock’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $22.10.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $949.63 million during 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 5.12%. SoFi Technologies’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction on Monday, October 20th. The shares were sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the sale, the executive vice president directly owned 275,374 shares in the company, valued at approximately $7,801,345.42. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the company’s stock in a transaction 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 transaction, the chief technology officer directly owned 759,553 shares in the company, valued at approximately $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 118,805 shares of company stock valued at $3,279,080 over the last quarter. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SOFI. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 target price on shares of SoFi Technologies in a research note on Tuesday, October 28th. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a report on Friday, August 1st. Finally, Morgan Stanley lifted their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, SoFi Technologies currently 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.