286,025 Shares in SoFi Technologies, Inc. $SOFI Bought by Estate Counselors LLC

Key Points

• Estate Counselors LLC acquired a new position in SoFi Technologies, purchasing 286,025 shares valued at approximately $3.3 million during the 1st quarter.
• Multiple analysts have upgraded SoFi Technologies, with Barclays raising their target price from $18.00 to $21.00 and Mizuho setting a target at $26.00.
• Despite a positive earnings report, SoFi Technologies' stock recently decreased by 1.0%, reflecting a volatile market environment for the company.

Estate Counselors LLC bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 286,025 shares of the company's stock, valued at approximately $3,326,000.

Several other hedge funds have also made changes to their positions in the stock. Two Sigma Advisers LP bought a new position in SoFi Technologies during the 4th quarter worth $299,980,000. Voloridge Investment Management LLC acquired a new position in shares of SoFi Technologies during the fourth quarter valued at $75,139,000. Nuveen LLC acquired a new stake in shares of SoFi Technologies in the 1st quarter worth about $47,616,000. First Trust Advisors LP lifted its position in SoFi Technologies by 583.6% in the 4th quarter. First Trust Advisors LP now owns 2,686,667 shares of the company's stock valued at $41,375,000 after purchasing an additional 2,293,622 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in SoFi Technologies during the 4th quarter valued at about $26,755,000. Institutional investors own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total value of $1,253,944.60. Following the transaction, the director owned 289,258 shares in the company, valued at $4,162,422.62. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 272,239 shares of company stock valued at $4,123,194. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Up 7.2%

Shares of SOFI traded up $1.69 during trading hours on Friday, reaching $25.02. The company's stock had a trading volume of 101,141,610 shares, compared to its average volume of 76,319,624. The company has a 50 day moving average of $20.32 and a two-hundred day moving average of $15.54. 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 firm has a market cap of $29.96 billion, a price-to-earnings ratio of 52.13, a P/E/G ratio of 2.89 and a beta of 1.93. SoFi Technologies, Inc. has a 1-year low of $6.75 and a 1-year high of $25.25.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same period in the previous year, the firm 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. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 price target on the stock. Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a "neutral" rating and a $20.50 price objective for the company. Citigroup increased their price target on SoFi Technologies from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Finally, Truist Financial set a $23.00 price target on shares of SoFi Technologies in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.35.

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.