Fox Run Management L.L.C. Invests $473,000 in SoFi Technologies, Inc. $SOFI

Key Points

• Fox Run Management L.L.C. invested approximately $473,000 in SoFi Technologies, acquiring 40,707 shares during the first quarter.
• Various institutional investors have adjusted their positions in SoFi Technologies, with significant stake increases reported by Elequin Capital LP and Bank of New Hampshire.
• SoFi Technologies recently reported an earnings per share (EPS) of $0.08 for the last quarter, surpassing analyst expectations of $0.06, while total revenue was $519.37 million.

Fox Run Management L.L.C. acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,707 shares of the company's stock, valued at approximately $473,000.

A number of other institutional investors also recently modified their holdings of the company. Elequin Capital LP boosted its stake in shares of SoFi Technologies by 30.1% in the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after purchasing an additional 631 shares during the last quarter. Bank of New Hampshire boosted its stake in SoFi Technologies by 33.3% during the first quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in SoFi Technologies by 1.8% during the first quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company's stock worth $737,000 after acquiring an additional 1,092 shares in the last quarter. Signaturefd LLC boosted its stake in SoFi Technologies by 6.2% during the first quarter. Signaturefd LLC now owns 21,476 shares of the company's stock worth $250,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Trivium Point Advisory LLC boosted its stake in SoFi Technologies by 12.1% during the first quarter. Trivium Point Advisory LLC now owns 11,653 shares of the company's stock worth $136,000 after acquiring an additional 1,255 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SOFI. The Goldman Sachs Group began coverage on shares of SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 target price on the stock. Stephens initiated coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They set an "overweight" rating and a $20.00 target price on the stock. Citizens Jmp lowered shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Monday, July 14th. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Finally, Truist Financial set a $23.00 price objective on shares of SoFi Technologies in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.29.

SoFi Technologies Stock Performance

NASDAQ SOFI traded down $1.48 during trading hours on Tuesday, reaching $22.75. 82,031,350 shares of the company were exchanged, compared to its average volume of 73,098,912. SoFi Technologies, Inc. has a 1 year low of $6.75 and a 1 year high of $25.11. The business's 50 day simple moving average is $19.78 and its 200-day simple moving average is $15.36. 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 stock has a market capitalization of $27.24 billion, a P/E ratio of 47.40, a P/E/G ratio of 3.00 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $519.37 million during the quarter, compared to the consensus estimate of $801.94 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm's quarterly revenue 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, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total value of $1,253,944.60. Following the completion of the transaction, the director owned 289,258 shares in the company, valued at $4,162,422.62. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Keough sold 10,267 shares of SoFi Technologies stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the transaction, the executive vice president owned 245,200 shares of the company's stock, valued at $5,345,360. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,661 shares of company stock worth $3,889,103. Insiders own 2.60% of the company's stock.

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.