Callan Family Office LLC Acquires New Position in SoFi Technologies, Inc. $SOFI

Key Points

• Callan Family Office LLC acquired a new position in SoFi Technologies by purchasing 29,889 shares valued at approximately $544,000 in the second quarter.
• Several institutional investors significantly increased their stakes in SoFi Technologies, with Blair William & Co. IL raising its holdings by 443.9% to now own 335,698 shares.
• SoFi reported a quarterly earnings per share (EPS) of $0.08, exceeding analyst estimates and indicating a 42.8% year-over-year revenue growth.

Callan Family Office LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,889 shares of the company's stock, valued at approximately $544,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its holdings in SoFi Technologies by 443.9% during the 2nd quarter. Blair William & Co. IL now owns 335,698 shares of the company's stock valued at $6,113,000 after acquiring an additional 273,972 shares in the last quarter. Mainstay Capital Management LLC ADV increased its holdings in SoFi Technologies by 114.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 41,216 shares of the company's stock valued at $751,000 after acquiring an additional 21,957 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in SoFi Technologies by 3.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 216,400 shares of the company's stock valued at $3,941,000 after acquiring an additional 7,300 shares in the last quarter. Capital Advisors Inc. OK increased its holdings in SoFi Technologies by 30.2% during the 2nd quarter. Capital Advisors Inc. OK now owns 17,402 shares of the company's stock valued at $317,000 after acquiring an additional 4,041 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in SoFi Technologies by 296.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 76,552 shares of the company's stock valued at $1,394,000 after acquiring an additional 57,265 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on 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 transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 10,578 shares of the 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 transaction, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,614 shares of company stock worth $3,452,672 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Trading Up 2.7%

NASDAQ:SOFI opened at $27.87 on Wednesday. The stock's 50 day moving average price is $25.82 and its 200 day moving average price is $18.90. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $30.30. The company has a market capitalization of $33.37 billion, a P/E ratio of 58.06, a P/E/G ratio of 3.23 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 - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $801.94 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm's revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on SOFI shares. JMP Securities restated a "market perform" rating and set a $17.00 target price on shares of SoFi Technologies in a report on Monday, July 14th. Citizens Jmp downgraded shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods raised their target price on shares of SoFi Technologies from $13.00 to $14.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. Mizuho raised their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. Finally, Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of "Hold" and an average target price of $20.47.

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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