SoFi Technologies, Inc. $SOFI Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 119.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,209 shares of the company’s stock after purchasing an additional 13,198 shares during the quarter. CreativeOne Wealth LLC’s holdings in SoFi Technologies were worth $441,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SOFI. Headlands Technologies LLC purchased a new stake in SoFi Technologies during the first quarter worth $28,000. SVB Wealth LLC acquired a new position in shares of SoFi Technologies in the first quarter worth about $28,000. TD Private Client Wealth LLC boosted its stake in shares of SoFi Technologies by 153.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock worth $47,000 after acquiring an additional 1,553 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of SoFi Technologies during the 2nd quarter valued at about $61,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of SoFi Technologies in the 1st quarter valued at about $39,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Trading Up 4.3%

Shares of SOFI opened at $29.71 on Friday. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $32.73. The stock has a market cap of $35.83 billion, a PE ratio of 55.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.93. The firm’s fifty day moving average is $28.17 and its two-hundred day moving average is $22.82. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SOFI. Truist Financial lowered their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday. Morgan Stanley increased their target price on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Citigroup lifted their price target on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.88.

Insider Transactions at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies 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 transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 10,340 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the sale, the executive vice president owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 175,277 shares of company stock worth $4,694,595 in the last ninety days. 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.