Brookstone Capital Management Cuts Stock Holdings in SoFi Technologies, Inc. $SOFI

Brookstone Capital Management cut its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 54.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,313 shares of the company’s stock after selling 34,015 shares during the period. Brookstone Capital Management’s holdings in SoFi Technologies were worth $748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Key Client Fiduciary Advisors LLC increased its holdings in SoFi Technologies by 3.1% in the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after buying an additional 419 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after acquiring an additional 469 shares during the period. Soltis Investment Advisors LLC increased its stake in shares of SoFi Technologies by 1.8% in the 2nd quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock valued at $518,000 after purchasing an additional 501 shares in the last quarter. AE Wealth Management LLC raised its holdings in SoFi Technologies by 2.8% in 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 during the period. Finally, Pathway Financial Advisers LLC boosted its position in SoFi Technologies by 1.1% during the second quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company’s stock worth $862,000 after purchasing an additional 537 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $26.82 on Tuesday. The firm has a 50-day simple moving average of $28.15 and a 200-day simple moving average of $24.92. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 49.67 and a beta of 1.93. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. SoFi Technologies’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior 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 predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the sale, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. This represents a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the firm’s stock in a transaction 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 completion of the sale, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at $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 sold 167,813 shares of company stock worth $4,403,334 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SOFI. Citigroup boosted their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $38.00 price target on shares of SoFi Technologies in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.69.

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.