Burney Co. Has $2.02 Million Stock Holdings in SoFi Technologies, Inc. $SOFI

Burney Co. trimmed its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 48.0% in the third quarter, Holdings Channel.com reports. The firm owned 76,467 shares of the company’s stock after selling 70,669 shares during the quarter. Burney Co.’s holdings in SoFi Technologies were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC increased its position in shares of SoFi Technologies by 3.1% during the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock worth $373,000 after acquiring an additional 419 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake 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 worth $39,000 after purchasing an additional 469 shares during the period. Soltis Investment Advisors LLC increased its holdings in SoFi Technologies by 1.8% during the 2nd 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 increased its holdings in SoFi Technologies by 2.8% during the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock worth $339,000 after purchasing an additional 514 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of SoFi Technologies by 1.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company’s stock valued at $862,000 after purchasing an additional 537 shares during the period. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the subject of several recent research reports. Mizuho set a $38.00 price objective on SoFi Technologies in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods upped their price target on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Citigroup lifted their price objective on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Truist Financial cut their price objective on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.69.

Insider Activity

In other news, EVP Kelli Keough sold 10,340 shares of the firm’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 sale, the executive vice president owned 265,034 shares in the company, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the sale, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at $21,168,090.72. The trade was a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,813 shares of company stock valued at $4,403,334 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $27.07 on Friday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 50.13 and a beta of 1.93. The stock’s 50 day moving average price is $28.19 and its two-hundred day moving average price is $24.76. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31.

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

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.