KMG Fiduciary Partners LLC Makes New Investment in SoFi Technologies, Inc. $SOFI

Key Points

• KMG Fiduciary Partners LLC invested $202,000 in SoFi Technologies, acquiring 11,094 shares in the second quarter.
• SoFi Technologies has attracted significant institutional interest, with several firms increasing their stakes or initiating new positions.
• Analysts have varied opinions on SoFi's stock, with price targets ranging from $13.00 to $29.00 and an average rating of "Hold."

KMG Fiduciary Partners LLC acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,094 shares of the company's stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. raised its holdings in shares of SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after buying an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of SoFi Technologies during the 1st quarter valued at about $28,000. SVB Wealth LLC purchased a new position in shares of SoFi Technologies during the 1st quarter valued at about $28,000. Garde Capital Inc. purchased a new position in shares of SoFi Technologies during the 1st quarter valued at about $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after buying an additional 1,519 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Up 1.0%

Shares of NASDAQ SOFI traded up $0.30 during mid-day trading on Monday, hitting $29.81. 64,199,808 shares of the stock traded hands, compared to its average volume of 63,977,396. 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, Inc. has a 52 week low of $7.57 and a 52 week high of $30.30. The company has a market cap of $35.70 billion, a price-to-earnings ratio of 62.10, a PEG ratio of 3.51 and a beta of 1.93. The stock has a fifty day moving average price of $23.99 and a 200-day moving average price of $17.27.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $801.94 million. During the same period in the previous 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. Research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares in the company, valued at $7,951,522.60. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the sale, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,614 shares of company stock worth $3,452,672 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SOFI. Mizuho lifted their price target on SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley reaffirmed an "underweight" rating and issued a $13.00 price target (up from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. Barclays lifted their price target on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Truist Financial set a $23.00 price target on SoFi Technologies in a research note on Monday, August 4th. Finally, Cowen began coverage on SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus price target of $19.88.

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.