SoFi Technologies, Inc. $SOFI Shares Purchased by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC increased its investment in SoFi Technologies by 98.0% during Q2, acquiring an additional 94,969 shares, bringing their total holdings to 191,913 shares worth approximately $3,495,000.
• In Q2, SoFi Technologies reported an EPS of $0.08, surpassing estimates of $0.06, with a revenue of $519.37 million, which was below analyst expectations of $801.94 million.
• SoFi Technologies has a current market cap of $33.13 billion and a consensus rating of "Hold," with analysts' price targets ranging from $17.00 to $29.00.

Fiduciary Alliance LLC boosted its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 98.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,913 shares of the company's stock after buying an additional 94,969 shares during the period. Fiduciary Alliance LLC's holdings in SoFi Technologies were worth $3,495,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SOFI. Vanguard Group Inc. lifted its stake in shares of SoFi Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after acquiring an additional 1,130,250 shares during the period. CMG Global Holdings LLC raised its holdings in SoFi Technologies by 77.8% during the first quarter. CMG Global Holdings LLC now owns 140,389 shares of the company's stock worth $1,728,000 after purchasing an additional 61,443 shares in the last quarter. Nicholas Wealth LLC. acquired a new stake in SoFi Technologies in the first quarter valued at about $993,000. Quantitative Investment Management LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $2,862,000. Finally, Sierra Summit Advisors LLC acquired a new position in SoFi Technologies during the 1st quarter worth approximately $9,715,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $27.67 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The firm has a market cap of $33.13 billion, a PE ratio of 57.65, a P/E/G ratio of 3.14 and a beta of 1.93. The firm has a 50 day simple moving average of $23.22 and a 200-day simple moving average of $16.73. SoFi Technologies, Inc. has a 1-year low of $7.57 and a 1-year high of $27.77.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $519.37 million during 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 for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $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 year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the sale, the executive vice president owned 234,622 shares in the company, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,959 shares of company stock valued at $1,653,646. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SOFI shares. Mizuho set a $26.00 price target on SoFi Technologies and gave the company an "outperform" rating in a report on Thursday, July 31st. JMP Securities reiterated a "market perform" rating and issued a $17.00 price objective on shares of SoFi Technologies in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their target price on shares of SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Needham & Company LLC upped their price target on shares of SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group assumed coverage on shares of SoFi Technologies in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.59.

SoFi Technologies 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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