Brendel Financial Advisors LLC Invests $2.53 Million in SoFi Technologies, Inc. $SOFI

Key Points

• Brendel Financial Advisors LLC acquired a new stake in SoFi Technologies, purchasing 139,110 shares valued at approximately $2.53 million in the second quarter.
• SoFi Technologies reported a net margin of 18.38% and a revenue increase of 42.8% year-over-year, though it fell short of analyst estimates with $519.37 million in revenue for the last quarter.
• Recent insider sales from executives indicate a 3.40% decrease in EVP Kelli Keough's shares and an 11.50% drop for CTO Jeremy Rishel, reflecting changes in their positions in SoFi Technologies.

Brendel Financial Advisors LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,110 shares of the company's stock, valued at approximately $2,533,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock valued at $1,156,805,000 after buying an additional 1,130,250 shares in the last quarter. CMG Global Holdings LLC boosted its holdings in SoFi Technologies by 77.8% in the 1st quarter. CMG Global Holdings LLC now owns 140,389 shares of the company's stock valued at $1,728,000 after purchasing an additional 61,443 shares in the last quarter. Nicholas Wealth LLC. purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $993,000. Quantitative Investment Management LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $2,862,000. Finally, Sierra Summit Advisors LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $9,715,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

NASDAQ SOFI traded up $0.30 during trading on Monday, reaching $29.81. The company's stock had a trading volume of 63,598,252 shares, compared to its average volume of 61,470,605. The firm has a 50 day moving average price of $23.82 and a 200 day moving average price of $17.15. SoFi Technologies, Inc. has a 12 month low of $7.57 and a 12 month high of $30.30. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 62.10, a price-to-earnings-growth ratio of 3.51 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on SOFI shares. JPMorgan Chase & Co. increased their price target on SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Mizuho increased their price target on SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday. Cowen started coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating for the company. Morgan Stanley reiterated an "underweight" rating and issued a $13.00 price target (up from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. Finally, Barclays raised their target price on shares of SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies currently has an average rating of "Hold" and a consensus price target of $19.88.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction 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 transaction, the chief technology officer owned 759,553 shares of the company's stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 10,578 shares of the firm'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 sale, the executive vice president directly owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,614 shares of company stock worth $3,452,672. Corporate 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.