Donoghue Forlines LLC Takes $2.25 Million Position in SoFi Technologies, Inc. $SOFI

Donoghue Forlines LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 85,085 shares of the company’s stock, valued at approximately $2,248,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its holdings in shares of 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 acquiring 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. ORG Partners LLC grew its stake in SoFi Technologies by 230.6% in the third quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock worth $38,000 after purchasing an additional 1,003 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in 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 purchasing an additional 469 shares in the last quarter. Finally, Bfsg LLC lifted its position in SoFi Technologies by 200.0% during the third quarter. Bfsg LLC now owns 1,500 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

SOFI stock opened at $26.13 on Friday. 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, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company has a market cap of $31.51 billion, a P/E ratio of 48.39, a price-to-earnings-growth ratio of 1.63 and a beta of 1.92. The stock’s fifty day moving average price is $27.51 and its 200-day moving average price is $25.94.

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

Wall Street Analyst Weigh In

SOFI has been the subject of a number of analyst reports. Needham & Company LLC raised their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company 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. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Truist Financial cut their target price 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. Finally, Citigroup lifted their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.50.

Insider Transactions at SoFi Technologies

In related 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 value of $1,142,228.32. Following the completion of the transaction, the insider owned 138,396 shares of the company’s stock, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 10,340 shares of the stock in a transaction on Thursday, November 20th. The stock was 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 $7,004,848.62. The trade was a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 167,813 shares of company stock valued at $4,403,334 over the last quarter. 2.60% of the stock is currently owned by company insiders.

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.