Focus Partners Wealth Grows Stock Position in SoFi Technologies, Inc. $SOFI

Focus Partners Wealth grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 314,342 shares of the company's stock after acquiring an additional 12,831 shares during the quarter. Focus Partners Wealth's holdings in SoFi Technologies were worth $3,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SOFI. Brighton Jones LLC lifted its position in shares of SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of SoFi Technologies by 4.1% in the fourth quarter. Ameriprise Financial Inc. now owns 696,799 shares of the company's stock valued at $10,731,000 after acquiring an additional 27,367 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of SoFi Technologies by 94.4% in the fourth quarter. Lazard Asset Management LLC now owns 19,649 shares of the company's stock valued at $301,000 after acquiring an additional 9,539 shares in the last quarter. Man Group plc purchased a new position in SoFi Technologies during the fourth quarter worth approximately $6,906,000. Finally, Tidal Investments LLC boosted its stake in SoFi Technologies by 302.2% during the fourth quarter. Tidal Investments LLC now owns 185,677 shares of the company's stock worth $2,859,000 after buying an additional 139,510 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Redburn Atlantic raised SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Rothschild & Co Redburn started 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. Truist Financial set a $23.00 price objective on shares of SoFi Technologies in a report on Monday, August 4th. Barclays upped their price objective on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average price target of $19.59.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,578 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, 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. Insiders sold 97,959 shares of company stock valued at $1,653,646 over the last ninety days. Insiders own 2.60% of the company's stock.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $27.67 on Tuesday. SoFi Technologies, Inc. has a 52 week low of $7.57 and a 52 week high of $27.77. 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 company has a market capitalization of $33.13 billion, a P/E ratio of 57.65, a P/E/G ratio of 3.14 and a beta of 1.93. The stock's fifty day moving average is $23.22 and its two-hundred day moving average is $16.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results 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 return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company's revenue for the quarter was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities 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.

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