Triumph Capital Management Grows Holdings in SoFi Technologies, Inc. $SOFI

Key Points

• Triumph Capital Management increased its stake in SoFi Technologies by 44.2% in Q2, owning a total of 107,325 shares valued at approximately $1.95 million.
• The company reported a net margin of 18.38% and a year-over-year revenue increase of 42.8%, despite actual revenue falling below analyst estimates.
• Wall Street analysts have varied opinions on SoFi, with the average rating being "Hold" and a price target of $19.59, while several brokerages have issued recent reports with price objectives ranging from $20 to $28.

Triumph Capital Management grew its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 44.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,325 shares of the company's stock after buying an additional 32,918 shares during the period. Triumph Capital Management's holdings in SoFi Technologies were worth $1,954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SOFI. Brighton Jones LLC boosted its stake in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock valued at $11,077,000 after purchasing an additional 14,281 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SoFi Technologies by 4.1% in the 4th quarter. Ameriprise Financial Inc. now owns 696,799 shares of the company's stock valued at $10,731,000 after purchasing an additional 27,367 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of SoFi Technologies by 94.4% in the 4th quarter. Lazard Asset Management LLC now owns 19,649 shares of the company's stock valued at $301,000 after purchasing an additional 9,539 shares in the last quarter. Man Group plc purchased a new stake in shares of SoFi Technologies in the 4th quarter valued at $6,906,000. Finally, Tidal Investments LLC boosted its stake in shares of SoFi Technologies by 302.2% in the 4th quarter. Tidal Investments LLC now owns 185,677 shares of the company's stock valued at $2,859,000 after purchasing an additional 139,510 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Up 4.2%

Shares of SOFI opened at $27.67 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. SoFi Technologies, Inc. has a twelve month low of $7.57 and a twelve month high of $27.77. The stock has a market capitalization of $33.13 billion, a P/E ratio of 57.65, a PEG ratio of 3.14 and a beta of 1.93. The firm has a fifty day simple moving average of $23.22 and a two-hundred day simple moving average of $16.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $801.94 million. During the same period in the prior year, the business earned $0.01 EPS. The company'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. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at approximately $11,263,191.55. This represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,578 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the transaction, the executive vice president owned 234,622 shares of the company's stock, valued at $5,192,184.86. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,959 shares of company stock valued at $1,653,646 over the last 90 days. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SOFI. Mizuho set a $26.00 price objective on shares of SoFi Technologies and gave the company an "outperform" rating in a research note on Thursday, July 31st. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a research note on Friday, August 1st. Stephens initiated coverage on shares of SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price objective for the company. Citigroup increased their price target on shares of SoFi Technologies from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, Citizens Jmp cut shares of SoFi Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $19.59.

About SoFi Technologies

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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