Jump Financial LLC Raises Position in SoFi Technologies, Inc. $SOFI

Key Points

• Jump Financial increased its stake in SoFi by 1,058.8%, now owning 2,268,103 shares worth about $41.3 million, making SoFi its 18th largest holding (≈0.5% of the firm's portfolio).
• SoFi beat estimates with $0.11 EPS (vs. $0.09) and revenue of $949.63 million (up 37.7% YoY), and set FY2025 EPS guidance at $0.37.
• Analysts have generally lifted price targets (UBS and Goldman among those increasing targets toward the high $20s), but consensus remains a "Hold" with an average target of $24.88.

Jump Financial LLC increased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1,058.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,268,103 shares of the company's stock after purchasing an additional 2,072,376 shares during the quarter. SoFi Technologies makes up approximately 0.5% of Jump Financial LLC's portfolio, making the stock its 18th biggest holding. Jump Financial LLC owned 0.21% of SoFi Technologies worth $41,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of SoFi Technologies in the first quarter valued at $28,000. SVB Wealth LLC bought a new position in shares of SoFi Technologies during the 1st quarter worth $28,000. TD Private Client Wealth LLC increased its holdings in SoFi Technologies by 153.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock worth $47,000 after acquiring an additional 1,553 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in SoFi Technologies in the 2nd quarter valued at about $61,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in SoFi Technologies during the first quarter valued at about $39,000. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a "neutral" rating in a research note on Thursday, October 30th. BTIG Research reaffirmed a "neutral" rating on shares of SoFi Technologies in a report on Wednesday, October 29th. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, October 29th. Barclays increased their target price on SoFi Technologies from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 29th. Finally, Morgan Stanley raised their price target on SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $24.88.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $27.78 on Friday. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $33.50 billion, a PE ratio of 51.45, a price-to-earnings-growth ratio of 2.72 and a beta of 1.93. The firm's 50 day simple moving average is $28.20 and its 200 day simple moving average is $23.36.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The business's quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 98,733 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,340 shares of the firm's stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the sale, the executive vice president directly owned 265,034 shares in the company, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 175,277 shares of company stock worth $4,694,595 over the last ninety days. 2.60% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.