Commonwealth Equity Services LLC Sells 64,278 Shares of SoFi Technologies, Inc. $SOFI

Commonwealth Equity Services LLC reduced its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 477,880 shares of the company’s stock after selling 64,278 shares during the period. Commonwealth Equity Services LLC’s holdings in SoFi Technologies were worth $12,626,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its stake in SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of SoFi Technologies during the third quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after acquiring an additional 469 shares in the last quarter. Hilltop National Bank raised 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 during the period. Finally, Grove Bank & Trust lifted its holdings in shares of SoFi Technologies by 151.4% in the 3rd quarter. Grove Bank & Trust now owns 2,004 shares of the company’s stock worth $53,000 after purchasing an additional 1,207 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade 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 link. Also, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20. Following the completion of the transaction, the executive vice president owned 265,034 shares in the company, 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. In the last ninety days, insiders have sold 167,813 shares of company stock valued at $4,403,334. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Performance

SOFI stock opened at $27.40 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The firm has a market cap of $33.04 billion, a PE ratio of 50.74, a P/E/G ratio of 1.72 and a beta of 1.92. The business has a 50 day moving average of $27.76 and a 200-day moving average of $25.61. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SOFI. Jefferies Financial Group restated a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. Citigroup boosted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. UBS Group upped their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods lifted their price target on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Finally, Bank of America assumed coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.50.

SoFi Technologies 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.