Well Done LLC Buys 29,700 Shares of SoFi Technologies, Inc. $SOFI

Key Points

• Well Done LLC increased its stake in SoFi Technologies by 13.3%, owning a total of 253,700 shares valued at approximately $4.62 million at its latest SEC filing.
• Multiple institutions have made significant movements regarding SoFi, with some increasing their stakes by over 2,000% during the first quarter of the year.
• Wall Street analysts recommend a Hold rating on SoFi Technologies, with an average price target of $19.88, reflecting mixed outlooks on the stock's performance.

Well Done LLC grew its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 13.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 253,700 shares of the company's stock after buying an additional 29,700 shares during the period. SoFi Technologies makes up 0.9% of Well Done LLC's investment portfolio, making the stock its 28th biggest holding. Well Done LLC's holdings in SoFi Technologies were worth $4,620,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its stake in SoFi Technologies by 2,200.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after acquiring an additional 2,200 shares during the period. Headlands Technologies LLC acquired a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $28,000. SVB Wealth LLC bought a new stake in shares of SoFi Technologies during the first quarter valued at approximately $28,000. TD Private Client Wealth LLC increased its position in shares of SoFi Technologies by 153.9% during the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company's stock valued at $47,000 after purchasing an additional 1,553 shares during the period. Finally, Garde Capital Inc. acquired a new position in shares of SoFi Technologies in the first quarter valued at $31,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SOFI shares. JMP Securities reiterated a "market perform" rating and set a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Redburn Atlantic raised shares of SoFi Technologies to a "hold" rating in a report on Friday, August 1st. Mizuho upped their target price on shares of SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.88.

SoFi Technologies Trading Down 2.2%

Shares of SoFi Technologies stock opened at $28.44 on Thursday. SoFi Technologies, Inc. has a 12-month low of $7.57 and a 12-month high of $30.30. The stock has a market capitalization of $34.06 billion, a P/E ratio of 59.25, a price-to-earnings-growth ratio of 3.46 and a beta of 1.93. The company has a 50-day simple moving average of $24.29 and a 200 day simple moving average of $17.43. 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 (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The firm had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 10,036 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the completion of the sale, the executive vice president directly owned 285,410 shares of the company's stock, valued at $7,951,522.60. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 approximately $20,887,707.50. The trade was a 11.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,614 shares of company stock worth $3,452,672. 2.60% of the stock is 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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