Wealthcare Advisory Partners LLC Purchases Shares of 12,571 SoFi Technologies, Inc. $SOFI

Key Points

• Wealthcare Advisory Partners LLC acquired 12,571 shares of SoFi Technologies, valued at approximately $229,000, during the second quarter as per their 13F filing.
• SoFi Technologies reported a 42.8% increase in quarterly revenue year-over-year, with earnings per share of $0.08, beating analysts' expectations.
• Analyst ratings show a consensus of “Hold” for SoFi Technologies, with price targets ranging from $14.00 to $29.00 from various firms.

Wealthcare Advisory Partners LLC acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,571 shares of the company's stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. USAdvisors Wealth Management LLC raised its stake in SoFi Technologies by 4.5% during the second quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company's stock valued at $295,000 after buying an additional 700 shares in the last quarter. Wedmont Private Capital raised its stake in SoFi Technologies by 4.3% during the second quarter. Wedmont Private Capital now owns 21,493 shares of the company's stock valued at $435,000 after buying an additional 879 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake 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 buying an additional 1,000 shares in the last quarter. Future Financial Wealth Managment LLC raised its stake in SoFi Technologies by 7.4% during the second quarter. Future Financial Wealth Managment LLC now owns 14,500 shares of the company's stock valued at $264,000 after buying an additional 1,000 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake 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 buying an additional 1,092 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $26.19 on Friday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 54.57, a price-to-earnings-growth ratio of 3.39 and a beta of 1.92. The business has a 50 day simple moving average of $25.59 and a 200 day simple moving average of $18.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on SoFi Technologies in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Needham & Company LLC increased their price target on SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. increased their price target on SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods increased their price target on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley increased their price target on SoFi Technologies from $13.00 to $18.00 and gave the stock an "underweight" rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.18.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the 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 trade represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of the 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 transaction, the chief technology officer directly owned 759,553 shares of the company's stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,614 shares of company stock valued at $3,452,672. 2.60% of the stock is currently owned by corporate insiders.

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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