Howland Capital Management LLC Buys Shares of 53,347 SoFi Technologies, Inc. $SOFI

Howland Capital Management LLC purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,347 shares of the company’s stock, valued at approximately $1,409,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in SoFi Technologies during the third quarter worth $29,000. SJS Investment Consulting Inc. increased its position 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 purchasing an additional 1,000 shares during the last quarter. ORG Partners LLC raised 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 buying an additional 1,003 shares during the period. Bartlett & CO. Wealth Management LLC lifted its position 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 valued at $39,000 after buying an additional 469 shares during the last quarter. Finally, Bfsg LLC boosted its stake in SoFi Technologies by 200.0% during the third quarter. Bfsg LLC now owns 1,500 shares of the company’s stock worth $40,000 after buying an additional 1,000 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 1.2%

Shares of NASDAQ:SOFI opened at $26.13 on Friday. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The company’s 50 day moving average is $27.51 and its two-hundred day moving average is $25.94. The company has a market cap of $31.51 billion, a PE ratio of 48.39, a P/E/G ratio of 1.63 and a beta of 1.92. 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 issued its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share 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%.The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Bank of America began coverage on SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price target for the company. UBS Group increased their target price on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Barclays raised their target price on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Needham & Company LLC boosted their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $25.50.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction dated 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 directly owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 91,837 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 167,813 shares of company stock valued at $4,403,334. 2.60% of the stock is currently owned by insiders.

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.