SoFi Technologies, Inc. $SOFI Holdings Lifted by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 92,947 shares of the company’s stock after buying an additional 5,995 shares during the period. Stratos Wealth Partners LTD.’s holdings in SoFi Technologies were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its position in SoFi Technologies by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 945,897 shares of the company’s stock worth $17,646,000 after purchasing an additional 9,301 shares during the last quarter. Copia Wealth Management grew its position in SoFi Technologies by 63.7% in the 2nd quarter. Copia Wealth Management now owns 5,592 shares of the company’s stock worth $102,000 after purchasing an additional 2,176 shares during the last quarter. Mutual Advisors LLC grew its position in SoFi Technologies by 24.4% in the 2nd quarter. Mutual Advisors LLC now owns 13,714 shares of the company’s stock worth $250,000 after purchasing an additional 2,689 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of SoFi Technologies in the second quarter valued at approximately $189,000. Finally, RFG Advisory LLC boosted its holdings in shares of SoFi Technologies by 12.0% in the second quarter. RFG Advisory LLC now owns 192,001 shares of the company’s stock valued at $3,496,000 after acquiring an additional 20,603 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Up 8.1%

SOFI stock opened at $28.68 on Tuesday. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $30.30. The firm has a market cap of $34.34 billion, a PE ratio of 59.75, a P/E/G ratio of 3.15 and a beta of 1.92. The firm has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $19.41. 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 (NASDAQ:SOFI) last released its earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same period in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOFI. Rothschild & Co Redburn began coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective for the company. Barclays increased their price objective on shares of SoFi Technologies from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Truist Financial set a $23.00 price objective on shares of SoFi Technologies in a report on Monday, August 4th. Morgan Stanley increased their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, TD Cowen began coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a “hold” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.71.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total value of $279,602.96. Following the completion of the sale, the executive vice president owned 285,410 shares in the company, valued at approximately $7,951,522.60. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the company’s 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 completion of the sale, the chief technology officer owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,347 shares of company stock valued at $3,228,852. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Company 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.