SoFi Technologies, Inc. $SOFI Shares Bought by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC boosted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,500 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Future Financial Wealth Managment LLC’s holdings in SoFi Technologies were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wedmont Private Capital lifted its holdings in shares of SoFi Technologies by 4.3% in the 2nd quarter. Wedmont Private Capital now owns 21,493 shares of the company’s stock valued at $435,000 after buying an additional 879 shares during the period. Bank of New Hampshire lifted its holdings in SoFi Technologies by 33.3% in the first quarter. Bank of New Hampshire now owns 4,000 shares of the company’s stock valued at $47,000 after acquiring an additional 1,000 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in SoFi Technologies by 16.7% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company’s stock valued at $81,000 after acquiring an additional 1,000 shares during the period. Arkadios Wealth Advisors lifted its holdings in SoFi Technologies by 1.8% in the first quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company’s stock valued at $737,000 after acquiring an additional 1,092 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of SoFi Technologies by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 330,122 shares of the company’s stock valued at $6,012,000 after purchasing an additional 1,193 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SOFI. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Saturday, September 27th. Stephens assumed coverage on shares of SoFi Technologies in a research report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 price objective for the company. Mizuho upped their price objective on shares of SoFi Technologies from $26.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Redburn Atlantic raised SoFi Technologies to a “hold” rating in a report on Friday, August 1st. Finally, Needham & Company LLC upped their price target on SoFi Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.18.

SoFi Technologies Stock Down 2.8%

SOFI opened at $25.24 on Friday. SoFi Technologies, Inc. has a twelve month low of $7.90 and a twelve month high of $30.30. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $25.03 and a 200 day moving average price of $18.15. The company has a market cap of $30.22 billion, a PE ratio of 52.58, a price-to-earnings-growth ratio of 3.09 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $801.94 million. During the same quarter in the prior 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. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction on 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 completion of the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The transaction 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 stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,614 shares of company stock valued at $3,452,672. 2.60% of the stock is 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.