River Street Advisors LLC Sells 33,559 Shares of SoFi Technologies, Inc. $SOFI

River Street Advisors LLC lowered its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 43.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,473 shares of the company’s stock after selling 33,559 shares during the period. River Street Advisors LLC’s holdings in SoFi Technologies were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC boosted its position in SoFi Technologies by 3.1% during the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock valued at $373,000 after purchasing an additional 419 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of 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 buying an additional 469 shares in the last quarter. Soltis Investment Advisors LLC grew its position 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 worth $518,000 after buying an additional 501 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of 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 acquiring an additional 514 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted 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 valued at $862,000 after acquiring an additional 537 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, 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 completion of the transaction, the chief technology officer owned 794,598 shares in the company, valued at approximately $21,168,090.72. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 10,340 shares of the company’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 owned 265,034 shares in the company, valued at $7,004,848.62. The trade was a 3.75% decrease in their position. 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 three months. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. UBS Group boosted 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. Truist Financial decreased their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Needham & Company LLC boosted their price target on SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and an average price target of $25.69.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $27.46 on Monday. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The business’s 50 day moving average price is $28.02 and its 200 day moving average price is $25.25. 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 firm has a market cap of $33.11 billion, a P/E ratio of 50.85 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 analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The company had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. During the same period last year, the firm posted $0.05 EPS. SoFi Technologies’s revenue for the quarter 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, sell-side analysts expect 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.