Teamwork Financial Advisors LLC Acquires 36,693 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Teamwork Financial Advisors increased its SoFi Technologies stake by 17.2% in the second quarter, purchasing 36,693 additional shares for a total holding of 249,482 shares valued at approximately $4.47 million. Institutional investors collectively own 38.43% of SoFi.
• SoFi reported quarterly EPS of $0.12, beating estimates by $0.01, while revenue reached $1.21 billion, up 42.5% year over year and ahead of expectations.
• Wall Street maintains a consensus “Hold” rating, with an average price target of $22.38 versus the stock’s reported price of $18.38. Insiders sold 135,256 shares worth about $2.37 million over the past three months, primarily through pre-arranged trading plans.

Teamwork Financial Advisors LLC boosted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 17.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,482 shares of the company's stock after buying an additional 36,693 shares during the period. Teamwork Financial Advisors LLC's holdings in SoFi Technologies were worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SOFI. First Horizon Corp boosted its holdings in SoFi Technologies by 14.9% in the fourth quarter. First Horizon Corp now owns 3,116 shares of the company's stock worth $82,000 after acquiring an additional 405 shares in the last quarter. Wealthspan Partners LLC increased its holdings in shares of SoFi Technologies by 2.4% during the fourth quarter. Wealthspan Partners LLC now owns 18,901 shares of the company's stock valued at $495,000 after acquiring an additional 450 shares in the last quarter. Trivium Point Advisory LLC increased its holdings in shares of SoFi Technologies by 3.6% during the fourth quarter. Trivium Point Advisory LLC now owns 14,245 shares of the company's stock valued at $373,000 after acquiring an additional 500 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of SoFi Technologies by 21.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,880 shares of the company's stock valued at $75,000 after purchasing an additional 503 shares during the last quarter. Finally, Bensler LLC raised its position in shares of SoFi Technologies by 3.6% in the 4th quarter. Bensler LLC now owns 17,450 shares of the company's stock valued at $457,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $18.38 on Friday. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The company's 50 day moving average is $17.46 and its 200 day moving average is $18.14. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company has a market cap of $23.58 billion, a PE ratio of 38.29 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.11 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.39%. The business's quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Stephens dropped their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Morgan Stanley decreased their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. TD Cowen dropped their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday, April 30th. Finally, Citigroup cut their target price on SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and an average target price of $22.38.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of the business's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares in the company, valued at $6,321,244.32. The trade was a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 135,256 shares of company stock worth $2,370,822 over the last three months. Company insiders own 2.50% of the company's stock.

About SoFi Technologies

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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