Ranch Capital Advisors Inc. Invests $458,000 in SoFi Technologies, Inc. $SOFI

Key Points

• Ranch Capital Advisors Inc. invested approximately $458,000 in SoFi Technologies by acquiring 25,171 shares in the second quarter of the year.
• Institutional investors now own 38.43% of SoFi Technologies, with significant recent investments including AlphaQuest LLC and Caitong International Asset Management.
• SoFi Technologies reported a 42.8% year-over-year revenue increase with a net margin of 18.38%, and analysts have set a consensus rating of "Hold" with an average price target of $21.18.

Ranch Capital Advisors Inc. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,171 shares of the company's stock, valued at approximately $458,000.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in SoFi Technologies in the second quarter valued at $744,000. Sumitomo Mitsui Trust Group Inc. increased its stake in SoFi Technologies by 29.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,399,960 shares of the company's stock valued at $61,913,000 after purchasing an additional 773,308 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in SoFi Technologies by 531,816.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 95,745 shares of the company's stock valued at $1,744,000 after purchasing an additional 95,727 shares in the last quarter. R Squared Ltd bought a new stake in SoFi Technologies in the second quarter valued at $537,000. Finally, Avion Wealth increased its stake in SoFi Technologies by 20.1% in the second quarter. Avion Wealth now owns 12,157 shares of the company's stock valued at $220,000 after purchasing an additional 2,033 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SOFI shares. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Cowen began coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating for the company. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $21.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, October 13th. Finally, Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.18.

SoFi Technologies Trading Up 3.3%

Shares of SOFI stock opened at $29.01 on Friday. 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 firm has a market cap of $34.74 billion, a P/E ratio of 60.44, a PEG ratio of 3.34 and a beta of 1.92. The company has a 50 day moving average of $26.63 and a 200-day moving average of $19.79. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. SoFi Technologies's revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 of the company's stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of SoFi Technologies stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the sale, the executive vice president directly owned 275,374 shares in the company, valued at $7,801,345.42. This trade represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,383 shares of company stock worth $3,513,171 in the last ninety days. 2.60% of the stock is currently owned by insiders.

About SoFi Technologies

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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