SoFi Technologies, Inc. $SOFI Shares Bought by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC boosted its stake in SoFi by 523.8%, adding 108,476 shares to hold 129,184 shares worth about $3.41 million, and institutional investors now own 38.43% of SOFI.
• SoFi beat Q3 estimates, reporting $0.11 EPS (vs. $0.09 expected) and revenue of $949.6M, up 37.7% year‑over‑year, and set FY2025 guidance at 0.37 EPS.
• Insiders sold 157,777 shares in the past 90 days (including CTO Jeremy Rishel's 91,837‑share sale), while analysts maintain a consensus "Hold" rating with a $25.50 price target.

Simplicity Wealth LLC lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 523.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,184 shares of the company's stock after purchasing an additional 108,476 shares during the quarter. Simplicity Wealth LLC's holdings in SoFi Technologies were worth $3,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in SoFi Technologies in the 3rd quarter worth about $29,000. SJS Investment Consulting Inc. boosted its position in shares of SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. ORG Partners LLC grew its holdings in SoFi Technologies by 230.6% in the third quarter. ORG Partners LLC now owns 1,438 shares of the company's stock valued at $38,000 after purchasing an additional 1,003 shares during the period. Bartlett & CO. Wealth Management LLC increased its position in SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company's stock worth $39,000 after purchasing an additional 469 shares during the last quarter. Finally, Bfsg LLC raised its stake in SoFi Technologies by 200.0% during the third quarter. Bfsg LLC now owns 1,500 shares of the company's stock worth $40,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Up 0.6%

Shares of SoFi Technologies stock opened at $25.64 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73. The business has a 50-day moving average of $27.18 and a 200-day moving average of $26.09. The company has a market capitalization of $30.92 billion, a PE ratio of 47.48, a P/E/G ratio of 1.60 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm had revenue of $949.63 million during the quarter, compared to the consensus estimate of $880.33 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. SoFi Technologies's revenue for the quarter was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on SOFI shares. Truist Financial lowered their price objective on shares of SoFi Technologies from $31.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, November 25th. The Goldman Sachs Group lowered their price target on SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, October 24th. Citigroup raised their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, October 29th. Finally, Needham & Company LLC increased their price objective on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $25.50.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 91,837 shares of the company's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer directly owned 794,598 shares of the company's stock, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 157,777 shares of company stock valued at $4,119,014 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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