Miller Financial Services LLC Has $2.33 Million Position in SoFi Technologies, Inc. $SOFI

Miller Financial Services LLC increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 128,145 shares of the company’s stock after acquiring an additional 10,279 shares during the quarter. SoFi Technologies comprises 3.0% of Miller Financial Services LLC’s investment portfolio, making the stock its 6th largest holding. Miller Financial Services LLC’s holdings in SoFi Technologies were worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SOFI. Soltis Investment Advisors LLC increased its stake in shares of SoFi Technologies by 1.8% in the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock worth $518,000 after purchasing an additional 501 shares in the last quarter. AE Wealth Management LLC boosted its holdings in SoFi Technologies by 2.8% in the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock worth $339,000 after buying an additional 514 shares during the period. Burney Co. grew its stake in SoFi Technologies by 0.4% in the 2nd quarter. Burney Co. now owns 147,136 shares of the company’s stock valued at $2,679,000 after buying an additional 557 shares in the last quarter. Drive Wealth Management LLC raised its holdings in SoFi Technologies by 1.4% during the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock valued at $738,000 after acquiring an additional 563 shares during the period. Finally, USAdvisors Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 4.5% in the second quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock worth $295,000 after acquiring an additional 700 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total value of $284,319.88. Following the completion of the sale, the executive vice president owned 275,374 shares of the company’s stock, valued at $7,801,345.42. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,805 shares of company stock valued at $3,279,080 over the last quarter. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SOFI shares. Mizuho set a $38.00 price objective on SoFi Technologies in a report on Thursday, October 30th. Keefe, Bruyette & Woods upped their price target on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Morgan Stanley raised their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group boosted their price target on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus price target of $25.06.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $26.72 on Thursday. The company’s fifty day moving average price is $28.17 and its 200-day moving average price is $22.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 2.56 and a beta of 1.93. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

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.