Yousif Capital Management LLC Reduces Position in SoFi Technologies, Inc. $SOFI

Yousif Capital Management LLC lowered its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,614 shares of the company’s stock after selling 1,515 shares during the period. Yousif Capital Management LLC’s holdings in SoFi Technologies were worth $211,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. USAdvisors Wealth Management LLC lifted its holdings in SoFi Technologies by 4.5% during the 2nd quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock worth $295,000 after buying an additional 700 shares during the last quarter. Wedmont Private Capital raised its position in shares of SoFi Technologies by 4.3% during the 2nd quarter. Wedmont Private Capital now owns 21,493 shares of the company’s stock valued at $435,000 after acquiring an additional 879 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of SoFi Technologies by 16.7% during the 1st 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 in the last quarter. Future Financial Wealth Managment LLC lifted its stake in SoFi Technologies by 7.4% during the second quarter. Future Financial Wealth Managment LLC now owns 14,500 shares of the company’s stock worth $264,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted 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 worth $737,000 after purchasing an additional 1,092 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of SoFi Technologies from $23.00 to $29.00 and gave the stock a “hold” rating in a report on Friday. Keefe, Bruyette & Woods increased their price objective on shares of SoFi Technologies from $14.00 to $18.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. JMP Securities reaffirmed a “market perform” rating and set a $17.00 target price on shares of SoFi Technologies in a report on Monday, July 14th. Finally, Mizuho increased their price target on SoFi Technologies from $26.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.18.

SoFi Technologies Stock Up 3.3%

SOFI opened at $29.01 on Friday. The stock’s 50 day moving average price is $26.63 and its 200 day moving average price is $19.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The stock has a market cap of $34.74 billion, a P/E ratio of 60.44, a P/E/G ratio of 3.34 and a beta of 1.92. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $30.30.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In other news, 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 value of $2,715,157.50. Following the completion of the transaction, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 10,578 shares of the firm’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 transaction of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares in the company, valued at $5,192,184.86. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,383 shares of company stock valued at $3,513,171 in the last quarter. 2.60% of the stock is currently owned by 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.