Patriot Financial Group Insurance Agency LLC Takes $306,000 Position in SoFi Technologies, Inc. $SOFI

Key Points

• Patriot Financial Group Insurance Agency LLC acquired a new position in SoFi Technologies by purchasing 16,782 shares valued at approximately $306,000 in the 2nd quarter.
• Insider selling occurred recently, with EVP Kelli Keough selling 10,036 shares and CTO Jeremy Rishel selling 98,733 shares, indicating a decline in their ownership of the company's stock.
• Analysts' ratings on SoFi vary, with an average rating of "Hold" and a target price of $20.18, reflecting differing opinions on the company's future performance.

Patriot Financial Group Insurance Agency LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,782 shares of the company's stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wedmont Private Capital lifted its holdings in SoFi Technologies by 4.3% during the second quarter. Wedmont Private Capital now owns 21,493 shares of the company's stock worth $435,000 after acquiring an additional 879 shares in the last quarter. Bank of New Hampshire lifted its holdings 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. Vermillion & White Wealth Management Group LLC lifted its holdings in SoFi Technologies by 16.7% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company's stock worth $81,000 after acquiring an additional 1,000 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings 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. Finally, Public Employees Retirement System of Ohio lifted its holdings in SoFi Technologies by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 330,122 shares of the company's stock worth $6,012,000 after acquiring an additional 1,193 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 10,036 shares of the business's 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 completion of the sale, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was 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 of the company's stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,614 shares of company stock valued at $3,452,672. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

SOFI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Truist Financial set a $23.00 price objective on SoFi Technologies in a research report on Monday, August 4th. Citizens Jmp lowered SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. Barclays lifted their target price on SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Stephens assumed coverage on SoFi Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $20.18.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $25.24 on Friday. SoFi Technologies, Inc. has a twelve month low of $7.90 and a twelve month high of $30.30. The company has a market cap of $30.22 billion, a PE ratio of 52.58, a price-to-earnings-growth ratio of 3.00 and a beta of 1.92. The business's 50 day moving average price is $25.03 and its two-hundred day moving average price is $18.19. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued 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 return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business'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. On average, analysts predict 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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