23,300 Shares in SoFi Technologies, Inc. $SOFI Purchased by Coordinated Financial Services Inc.

Key Points

• Coordinated Financial Services Inc. has acquired 23,300 shares of SoFi Technologies, valued at approximately $424,000, during the second quarter, according to their SEC filing.
• SoFi Technologies reported $0.08 earnings per share for the quarter, beating estimates, but had revenue of $519.37 million, falling short of the expected $801.94 million.
• The stock price of SoFi Technologies has been on the rise, up 1.5%, with analysts giving it a consensus rating of "Hold" and a target price averaging $20.18.

Coordinated Financial Services Inc. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,300 shares of the company's stock, valued at approximately $424,000.

Several other hedge funds have also bought and sold shares of SOFI. Hazlett Burt & Watson Inc. boosted its stake in SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after acquiring an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new stake in SoFi Technologies during the first quarter worth about $28,000. SVB Wealth LLC purchased a new position in SoFi Technologies in the first quarter worth about $28,000. Garde Capital Inc. purchased a new position in SoFi Technologies in the first quarter worth about $31,000. Finally, Larson Financial Group LLC raised its holdings in SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock worth $32,000 after buying an additional 1,519 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Up 1.5%

SOFI opened at $28.45 on Friday. The firm has a 50 day moving average price of $25.49 and a 200-day moving average price of $18.56. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $34.07 billion, a price-to-earnings ratio of 59.27, a PEG ratio of 3.33 and a beta of 1.92. SoFi Technologies, Inc. has a twelve month low of $8.46 and a twelve month high of $30.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 net margin of 18.38% and a return on equity of 4.44%. The firm's quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Mizuho lifted their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Morgan Stanley lifted their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a report on Monday, September 29th. Needham & Company LLC lifted their target price on shares of SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. TD Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating and a $21.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on shares of SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.18.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the business'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 transaction 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 approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president owned 285,410 shares of the company's stock, valued at $7,951,522.60. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,614 shares of company stock valued at $3,452,672 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies 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.

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