Diversified Trust Co Has $889,000 Stock Position in SoFi Technologies, Inc. $SOFI

Diversified Trust Co lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 197.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,649 shares of the company’s stock after purchasing an additional 22,321 shares during the period. Diversified Trust Co’s holdings in SoFi Technologies were worth $889,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. acquired a new position in SoFi Technologies during the 1st quarter worth about $39,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of SoFi Technologies by 46.9% in the third 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 period. TD Private Client Wealth LLC boosted its holdings in 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 acquiring an additional 1,553 shares during the last quarter. Hilltop National Bank boosted its holdings in SoFi Technologies by 888.0% in the third quarter. Hilltop National Bank now owns 1,976 shares of the company’s stock valued at $52,000 after acquiring an additional 1,776 shares during the last quarter. Finally, Grove Bank & Trust increased its position in SoFi Technologies by 151.4% during the 3rd 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 period. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Citigroup lifted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price objective on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $25.69.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares of the company’s stock, valued at $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI opened at $26.18 on Friday. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The company has a market cap of $31.57 billion, a PE ratio of 48.48 and a beta of 1.92. The stock has a 50-day moving average of $28.05 and a 200-day moving average of $25.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16.

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 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 business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. During the same period in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter 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 research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

About SoFi Technologies

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.