SoFi Technologies, Inc. $SOFI Shares Bought by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors LLC increased its holdings in SoFi Technologies, Inc. by 26.2% in Q2, acquiring a total of 101,251 shares valued at approximately $1.84 million.
• SoFi Technologies reported earnings of $0.08 EPS for the last quarter, outperforming analyst expectations, although revenue was down 42.8% year-over-year at $519.37 million.
• Institutional investors own 38.43% of SoFi's stock, with various large firms modifying their positions and analysts providing mixed ratings and price targets for the company's shares.

Teamwork Financial Advisors LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 26.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,251 shares of the company's stock after buying an additional 21,001 shares during the quarter. Teamwork Financial Advisors LLC's holdings in SoFi Technologies were worth $1,844,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SOFI. Mpwm Advisory Solutions LLC acquired a new position in shares of SoFi Technologies during the fourth quarter valued at about $32,000. Hazlett Burt & Watson Inc. boosted its stake in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in SoFi Technologies during the 1st quarter worth approximately $28,000. SVB Wealth LLC acquired a new position in SoFi Technologies during the 1st quarter valued at approximately $28,000. Finally, Garde Capital Inc. purchased a new position in shares of SoFi Technologies in the first quarter worth $31,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $26.55 on Friday. The stock has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $16.62. The firm has a market capitalization of $31.79 billion, a P/E ratio of 55.31, a PEG ratio of 3.07 and a beta of 1.93. SoFi Technologies, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $26.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its 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 firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities analysts forecast 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 66,847 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the sale, the chief technology officer directly owned 724,321 shares of the company's stock, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 10,578 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total transaction of $234,091.14. Following the sale, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,959 shares of company stock worth $1,653,646 in the last ninety days. Corporate 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. Stephens assumed coverage on shares of SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price objective on the stock. JMP Securities reaffirmed a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Morgan Stanley restated an "underweight" rating and issued a $13.00 price objective (up from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. Finally, Needham & Company LLC lifted their target price on SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.59.

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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