Burney Co. Has $2.02 Million Position in SoFi Technologies, Inc. $SOFI

Burney Co. lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 48.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 76,467 shares of the company’s stock after selling 70,669 shares during the period. Burney Co.’s holdings in SoFi Technologies were worth $2,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bartlett & CO. Wealth Management LLC grew its holdings in SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after acquiring an additional 469 shares during the last quarter. Hilltop National Bank lifted its position in shares of SoFi Technologies by 888.0% during the third quarter. Hilltop National Bank now owns 1,976 shares of the company’s stock worth $52,000 after purchasing an additional 1,776 shares in the last quarter. Grove Bank & Trust grew its stake in shares of SoFi Technologies by 151.4% during the third quarter. Grove Bank & Trust now owns 2,004 shares of the company’s stock valued at $53,000 after purchasing an additional 1,207 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of SoFi Technologies by 153.9% in 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, Legacy Investment Solutions LLC bought a new position in SoFi Technologies in the 2nd quarter worth approximately $61,000. 38.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on SOFI shares. Needham & Company LLC increased their price objective on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Barclays lifted their price target on shares of SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.69.

SoFi Technologies Price Performance

Shares of SOFI opened at $27.07 on Friday. The stock has a market cap of $32.64 billion, a P/E ratio of 50.13 and a beta of 1.93. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The stock’s 50-day moving average price is $28.19 and its two-hundred day moving average price is $24.76. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

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

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the sale, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the sale, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 167,813 shares of company stock worth $4,403,334. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.