RFG Advisory LLC Has $3.50 Million Holdings in SoFi Technologies, Inc. $SOFI

Key Points

• RFG Advisory LLC increased its stake in SoFi Technologies by 12% during the second quarter, holding approximately $3.50 million worth of shares.
• SoFi Technologies reported $0.08 earnings per share (EPS) for the latest quarter, exceeding analysts' estimates of $0.06, and the company's quarterly revenue increased by 42.8% year-over-year despite being lower than expectations.
• Wall Street analysts have varying outlooks on SoFi, with price targets ranging from $14.00 to $28.00, and the consensus rating for the stock is currently a "Hold."

RFG Advisory LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 12.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 192,001 shares of the company's stock after purchasing an additional 20,603 shares during the quarter. RFG Advisory LLC's holdings in SoFi Technologies were worth $3,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SOFI. Hazlett Burt & Watson Inc. increased its position in 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 purchasing an additional 2,200 shares during the period. Headlands Technologies LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $28,000. SVB Wealth LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $28,000. Garde Capital Inc. bought a new position in shares of SoFi Technologies during the 1st quarter worth approximately $31,000. Finally, Larson Financial Group LLC boosted 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 worth $32,000 after buying an additional 1,519 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Price Performance

Shares of SOFI opened at $27.87 on Wednesday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30. The business's fifty day moving average is $25.82 and its 200 day moving average is $18.90. 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 stock has a market cap of $33.37 billion, a P/E ratio of 58.06, a P/E/G ratio of 3.23 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $801.94 million. During the same period last year, the business earned $0.01 EPS. SoFi Technologies's quarterly revenue was up 42.8% compared to the same quarter last year. 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 fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the firm's stock in a transaction 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 transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,614 shares of company stock worth $3,452,672. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research analyst reports. Citigroup increased their price target on SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 price target on the stock. Keefe, Bruyette & Woods increased their price target 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 target on SoFi Technologies in a report on Monday, August 4th. Finally, Morgan Stanley increased 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 equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.47.

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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