Vanguard Personalized Indexing Management LLC Boosts Position in SoFi Technologies, Inc. $SOFI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in SoFi Technologies by 30.3% in the second quarter, bringing their total holdings to 86,306 shares valued at approximately $1.57 million.
• Analysts have set a range of price targets for SoFi Technologies, with Citigroup raising its target from $18.00 to $28.00, while the average price target stands at $20.71.
• SoFi Technologies reported earnings of $0.08 per share for the last quarter, surpassing estimates of $0.06, but its revenue of $519.37 million fell short of expectations.

Vanguard Personalized Indexing Management LLC boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 30.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 86,306 shares of the company's stock after buying an additional 20,057 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in SoFi Technologies were worth $1,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock valued at $1,156,805,000 after buying an additional 1,130,250 shares during the period. Sullivan Wood Capital Management LLC purchased a new stake in shares of SoFi Technologies during the second quarter valued at approximately $2,799,000. Blair William & Co. IL raised its stake in shares of SoFi Technologies by 443.9% during the second quarter. Blair William & Co. IL now owns 335,698 shares of the company's stock valued at $6,113,000 after purchasing an additional 273,972 shares during the period. CMG Global Holdings LLC raised its stake in shares of SoFi Technologies by 77.8% during the first quarter. CMG Global Holdings LLC now owns 140,389 shares of the company's stock valued at $1,728,000 after purchasing an additional 61,443 shares during the period. Finally, Nicholas Wealth LLC. purchased a new stake in shares of SoFi Technologies during the first quarter valued at approximately $993,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SOFI. Citigroup lifted their price objective on shares of SoFi Technologies from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. JMP Securities reiterated a "market perform" rating and set a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. Needham & Company LLC lifted their price objective on shares of SoFi Technologies from $25.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Truist Financial set a $23.00 price objective on shares of SoFi Technologies in a research note on Monday, August 4th. Finally, Cowen initiated coverage on shares of SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, SoFi Technologies currently has an average rating of "Hold" and an average price target of $20.71.

SoFi Technologies Stock Down 0.2%

SOFI stock opened at $26.54 on Friday. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $30.30. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $31.78 billion, a P/E ratio of 55.29, a PEG ratio of 3.16 and a beta of 1.92. The firm has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $19.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $801.94 million. During the same quarter last year, the company earned $0.01 earnings per share. The business's quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares of the company's stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies 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 directly owned 234,622 shares of the company's stock, 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. In the last ninety days, insiders sold 119,347 shares of company stock valued at $3,228,852. 2.60% of the stock is currently owned by corporate insiders.

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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