Lakeshore Financial Planning Inc. Sells 17,200 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Lakeshore Financial Planning Inc. has reduced its stake in SoFi Technologies by 32.0%, selling 17,200 shares and holding 36,515 shares valued at approximately $665,000.
• Analysts have a mixed outlook on SoFi Technologies, with an average rating of "Hold" and an average price target of $19.88, while some firms have issued ratings ranging from "Strong Buy" to "Sell."
• SoFi Technologies reported a $0.08 earnings per share for the last quarter, beating estimates, but its revenue fell short of expectations at $519.37 million.

Lakeshore Financial Planning Inc. reduced its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 32.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,515 shares of the company's stock after selling 17,200 shares during the quarter. Lakeshore Financial Planning Inc.'s holdings in SoFi Technologies were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SOFI. Nuveen LLC purchased a new stake in SoFi Technologies in the first quarter worth $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SoFi Technologies by 58.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company's stock worth $50,467,000 after buying an additional 1,598,721 shares during the last quarter. Vanguard Group Inc. increased its position in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after buying an additional 1,130,250 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in SoFi Technologies in the first quarter worth $9,715,000. Finally, SG Americas Securities LLC increased its position in SoFi Technologies by 138.3% in the first quarter. SG Americas Securities LLC now owns 156,465 shares of the company's stock worth $1,820,000 after buying an additional 565,390 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Up 1.0%

NASDAQ SOFI traded up $0.30 during trading on Monday, hitting $29.81. 64,199,808 shares of the company's stock traded hands, compared to its average volume of 63,977,396. The stock has a fifty day moving average of $23.99 and a two-hundred day moving average of $17.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a 12-month low of $7.57 and a 12-month high of $30.30. The firm has a market cap of $35.70 billion, a P/E ratio of 62.10, a PEG ratio of 3.51 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $801.94 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company'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, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JMP Securities reissued a "market perform" rating and set a $17.00 target price on shares of SoFi Technologies in a report on Monday, July 14th. TD Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating and a $21.00 target price on the stock. Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating on the stock. Rothschild & Co Redburn assumed coverage on shares of SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price 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 assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.88.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the sale, the chief technology officer directly owned 759,553 shares in the company, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the stock in a transaction dated 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 owned 285,410 shares of the company's stock, valued at approximately $7,951,522.60. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,614 shares of company stock valued at $3,452,672. 2.60% of the stock is currently owned by company 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.