Corient Private Wealth LLC Purchases 22,069 Shares of SoFi Technologies, Inc. $SOFI

Corient Private Wealth LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,291 shares of the company’s stock after buying an additional 22,069 shares during the quarter. Corient Private Wealth LLC’s holdings in SoFi Technologies were worth $2,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Soltis Investment Advisors LLC raised its position in SoFi Technologies by 1.8% in the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock worth $518,000 after purchasing an additional 501 shares in the last quarter. AE Wealth Management LLC boosted its stake in SoFi Technologies by 2.8% in the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock valued at $339,000 after buying an additional 514 shares in the last quarter. Pathway Financial Advisers LLC grew its position in SoFi Technologies by 1.1% in the second quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company’s stock valued at $862,000 after acquiring an additional 537 shares during the period. Burney Co. lifted its holdings in shares of SoFi Technologies by 0.4% during the second quarter. Burney Co. now owns 147,136 shares of the company’s stock valued at $2,679,000 after acquiring an additional 557 shares during the period. Finally, Drive Wealth Management LLC boosted its stake in shares of SoFi Technologies by 1.4% in the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock valued at $738,000 after purchasing an additional 563 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SOFI has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Barclays increased their target price on SoFi Technologies from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup increased their price objective on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $25.69.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,340 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the sale, the executive vice president directly owned 265,034 shares in the company, valued at $7,004,848.62. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction that occurred on 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 approximately $21,168,090.72. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 158,345 shares of company stock valued at $4,146,372. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Trading Up 0.4%

SOFI opened at $27.35 on Tuesday. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73. The company has a market cap of $32.98 billion, a price-to-earnings ratio of 50.65 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The firm has a 50 day simple moving average of $28.19 and a 200 day simple moving average of $24.47.

SoFi Technologies (NASDAQ:SOFI) last released its 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 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 quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share 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.