SoFi Technologies, Inc. $SOFI Position Increased by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in SoFi Technologies by 71.7%, owning 46,049 shares worth approximately $536,000 as of the latest SEC filing.
• Equities analysts have raised price targets for SoFi, with Citigroup increasing their estimate from $18.00 to $28.00 and Dow Jones reporting a consensus target price of $19.35.
• Insider trading activity includes significant stock sales by executives, with insiders collectively selling 261,661 shares valued at nearly $3.9 million in the last quarter.

Kovitz Investment Group Partners LLC raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 71.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,049 shares of the company's stock after buying an additional 19,236 shares during the period. Kovitz Investment Group Partners LLC's holdings in SoFi Technologies were worth $536,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SOFI. Brighton Jones LLC boosted its holdings in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after buying an additional 14,281 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in SoFi Technologies by 5.6% during the fourth quarter. Russell Investments Group Ltd. now owns 52,564 shares of the company's stock worth $809,000 after buying an additional 2,774 shares in the last quarter. XTX Topco Ltd bought a new stake in SoFi Technologies during the fourth quarter worth approximately $364,000. First Trust Advisors LP boosted its holdings in SoFi Technologies by 583.6% during the fourth quarter. First Trust Advisors LP now owns 2,686,667 shares of the company's stock worth $41,375,000 after buying an additional 2,293,622 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in SoFi Technologies by 133.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,643 shares of the company's stock worth $303,000 after buying an additional 11,212 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup raised their price objective on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday. Cowen assumed coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating for the company. TD Cowen assumed coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating and a $21.00 price objective for the company. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group assumed coverage on shares of SoFi Technologies in a research note on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective for the company. One 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 issued a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus target price of $19.35.

SoFi Technologies Trading Down 1.0%

Shares of NASDAQ:SOFI opened at $22.52 on Thursday. The firm has a fifty day moving average of $19.93 and a two-hundred day moving average of $15.41. The firm has a market capitalization of $26.97 billion, a P/E ratio of 46.92, a price-to-earnings-growth ratio of 2.82 and a beta of 1.93. SoFi Technologies, Inc. has a 12-month low of $6.75 and a 12-month high of $25.11. 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 earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,267 shares of SoFi Technologies stock in a transaction on Friday, July 18th. The shares were sold at an average price of $21.80, for a total transaction of $223,820.60. Following the completion of the sale, the executive vice president owned 245,200 shares of the company's stock, valued at $5,345,360. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Magdalena Yesil sold 87,140 shares of SoFi Technologies stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the sale, the director directly owned 289,258 shares of the company's stock, valued at $4,162,422.62. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 261,661 shares of company stock valued at $3,889,103 in the last quarter. Company insiders own 2.60% of the company's stock.

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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