25,700 Shares in SoFi Technologies, Inc. $SOFI Acquired by Coordinated Financial Services Inc. CO

Key Points

• Coordinated Financial Services Inc. purchased 25,700 shares of SoFi Technologies, valued at approximately $299,000, during the 1st quarter.
• SoFi Technologies' stock price increased by 0.9%, closing at $25.60, with a market capitalization of $30.65 billion and a P/E ratio of 53.33.
• Insiders have recently sold over 185,000 shares of SoFi Technologies stock, with total transactions valued at nearly $2.9 million.

Coordinated Financial Services Inc. CO acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,700 shares of the company's stock, valued at approximately $299,000.

Several other institutional investors have also recently made changes to their positions in SOFI. Hazlett Burt & Watson Inc. raised its stake in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of SoFi Technologies in the first quarter worth approximately $28,000. SVB Wealth LLC bought a new position in shares of SoFi Technologies in the first quarter worth approximately $28,000. Garde Capital Inc. bought a new stake in SoFi Technologies in the first quarter valued at $31,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in SoFi Technologies in the fourth quarter valued at $32,000. Institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SOFI shares. JMP Securities reiterated a "market perform" rating and issued a $17.00 price target on shares of SoFi Technologies in a report on Monday, July 14th. Cowen began coverage on SoFi Technologies in a report on Friday, July 11th. They issued a "hold" rating for the company. Stephens assumed coverage on SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Barclays boosted their price target on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.35.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 66,847 shares of SoFi Technologies stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 10,578 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the sale, the executive vice president owned 234,622 shares of the company's stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,959 shares of company stock worth $1,653,646 in the last 90 days. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Up 0.0%

SoFi Technologies stock traded up $0.01 during midday trading on Tuesday, reaching $25.97. The company's stock had a trading volume of 48,850,264 shares, compared to its average volume of 64,518,132. The stock's 50-day simple moving average is $22.60 and its 200-day simple moving average is $16.38. 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 52-week low of $6.75 and a 52-week high of $26.60. The stock has a market capitalization of $31.10 billion, a P/E ratio of 54.10, a PEG ratio of 3.07 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. During the same period last year, the business posted $0.01 earnings per share. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.