SoFi Technologies, Inc. $SOFI Stock Position Reduced by PDT Partners LLC

PDT Partners LLC cut its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,690 shares of the company's stock after selling 41,867 shares during the period. PDT Partners LLC's holdings in SoFi Technologies were worth $2,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Elequin Capital LP grew its position in SoFi Technologies by 30.1% during the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after purchasing an additional 631 shares in the last quarter. Bank of New Hampshire grew its position in SoFi Technologies by 33.3% during the first quarter. Bank of New Hampshire now owns 4,000 shares of the company's stock valued at $47,000 after purchasing an additional 1,000 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in SoFi Technologies by 16.7% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company's stock valued at $81,000 after purchasing an additional 1,000 shares in the last quarter. Arkadios Wealth Advisors grew its position in SoFi Technologies by 1.8% during the first quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company's stock valued at $737,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Signaturefd LLC grew its position in SoFi Technologies by 6.2% during the first quarter. Signaturefd LLC now owns 21,476 shares of the company's stock valued at $250,000 after purchasing an additional 1,246 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

SOFI stock opened at $25.54 on Tuesday. 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 company has a market capitalization of $30.58 billion, a price-to-earnings ratio of 53.21, a P/E/G ratio of 3.02 and a beta of 1.93. SoFi Technologies, Inc. has a 12 month low of $6.75 and a 12 month high of $26.60. The firm has a 50 day moving average of $21.58 and a two-hundred day moving average of $15.98.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business had revenue of $519.37 million during the quarter, compared to analysts' expectations of $801.94 million. During the same period in the previous year, the company earned $0.01 earnings per share. SoFi Technologies's revenue for the quarter was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, Director Magdalena Yesil sold 87,140 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $14.39, for a total value of $1,253,944.60. Following the completion of the sale, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares of the company's stock, valued at $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,239 shares of company stock worth $4,123,194. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SOFI. Truist Financial set a $23.00 price objective on shares of SoFi Technologies in a research report on Monday, August 4th. Cowen initiated coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating for the company. Citigroup boosted their target price on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Citizens Jmp downgraded shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, Stephens initiated coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.35.

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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