34,513 Shares in SoFi Technologies, Inc. $SOFI Purchased by Regal Partners Ltd

Regal Partners Ltd bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,513 shares of the company’s stock, valued at approximately $628,000.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its position 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 worth $27,000 after buying an additional 2,200 shares in the last quarter. Headlands Technologies LLC acquired a new stake in SoFi Technologies during the first quarter worth about $28,000. SVB Wealth LLC acquired a new stake in SoFi Technologies during the first quarter worth about $28,000. TD Private Client Wealth LLC boosted its holdings in 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 in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 1,519 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $29.68 on Friday. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.56. The firm has a 50 day moving average of $27.29 and a 200-day moving average of $20.59. 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 stock has a market capitalization of $35.54 billion, a P/E ratio of 54.96, a price-to-earnings-growth ratio of 3.02 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.52%. The company had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. SoFi Technologies’s quarterly revenue was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,578 shares of the business’s stock in a transaction that occurred 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 owned 234,622 shares in the company, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction 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. This trade represents a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 129,383 shares of company stock valued at $3,513,171 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citizens Jmp downgraded SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. JMP Securities reaffirmed a “market perform” rating and set a $17.00 price objective on shares of SoFi Technologies in a report on Monday, July 14th. Needham & Company LLC lifted their price objective on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday. Cowen started coverage on shares of SoFi Technologies in a research note on Friday, July 11th. They issued a “hold” rating for the company. Finally, Morgan Stanley lifted their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.94.

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.