Hartline Investment Corp Trims Holdings in SoFi Technologies, Inc. $SOFI

Hartline Investment Corp trimmed its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 460,402 shares of the company’s stock after selling 60,355 shares during the quarter. SoFi Technologies accounts for about 1.3% of Hartline Investment Corp’s holdings, making the stock its 21st largest position. Hartline Investment Corp’s holdings in SoFi Technologies were worth $12,164,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its position in shares of SoFi Technologies by 840.3% during the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Salomon & Ludwin LLC purchased a new stake in SoFi Technologies in the 3rd quarter worth approximately $29,000. ORG Partners LLC boosted its holdings in SoFi Technologies by 230.6% in the 3rd quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock valued at $38,000 after purchasing an additional 1,003 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in SoFi Technologies by 46.9% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after purchasing an additional 469 shares during the period. Finally, Bfsg LLC grew its position in shares of SoFi Technologies by 200.0% during the 3rd quarter. Bfsg LLC now owns 1,500 shares of the company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SOFI shares. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Mizuho set a $38.00 price objective on SoFi Technologies in a report on Thursday, October 30th. Morgan Stanley raised their target price on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.50.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total value of $256,961.52. Following the sale, the executive vice president owned 312,948 shares of the company’s stock, valued at $8,493,408.72. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the company’s 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 directly owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. This trade represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,813 shares of company stock valued at $4,403,334 in the last quarter. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Down 1.2%

SOFI opened at $26.13 on Friday. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $27.51 and its 200-day moving average price is $25.94. The company has a market cap of $31.51 billion, a P/E ratio of 48.39, a P/E/G ratio of 1.63 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.