10,250 Shares in SoFi Technologies, Inc. $SOFI Acquired by White Wing Wealth Management

Key Points

• White Wing Wealth Management has made a new investment in SoFi Technologies, acquiring 10,250 shares valued at approximately $187,000.
• Institutional investors now hold 38.43% of SoFi Technologies' stock, with several hedge funds recently altering their positions in the company.
• SoFi Technologies reported an earnings per share (EPS) of $0.08 for the last quarter, exceeding expectations, despite revenue of $519.37 million falling short of the consensus estimate.

White Wing Wealth Management bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,250 shares of the company's stock, valued at approximately $187,000.

Other hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its holdings in shares of 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 last quarter. Headlands Technologies LLC acquired a new position in shares of SoFi Technologies during the first quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in shares of SoFi Technologies during the first quarter valued at approximately $28,000. Garde Capital Inc. acquired a new position in shares of SoFi Technologies during the first quarter valued at approximately $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of SoFi Technologies by 127.1% during the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after acquiring an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of SOFI traded up $1.40 during midday trading on Friday, reaching $29.51. 74,500,619 shares of the stock were exchanged, compared to its average volume of 65,319,672. The business's 50-day moving average price is $23.82 and its 200 day moving average price is $17.12. 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, Inc. has a twelve month low of $7.57 and a twelve month high of $29.63. The company has a market capitalization of $35.34 billion, a price-to-earnings ratio of 61.48, a PEG ratio of 3.51 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business's 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, sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.86, for a total transaction of $279,602.96. Following the transaction, the executive vice president owned 285,410 shares of the company's stock, valued at $7,951,522.60. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 98,733 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was 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 in the company, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,614 shares of company stock worth $3,452,672 in the last quarter. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SOFI shares. Mizuho increased their price objective on SoFi Technologies from $26.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays increased their price objective on SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on SoFi Technologies in a research note on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective on the stock. Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating for the company. Finally, Needham & Company LLC boosted their price target on shares of SoFi Technologies from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.88.

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.