Baer Investment Advisory LLC Invests $551,000 in SoFi Technologies, Inc. $SOFI

Baer Investment Advisory LLC bought a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the 1st quarter, HoldingsChannel.com reports. The firm bought 34,673 shares of the company’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Valley Wealth Managers Inc. bought a new stake in SoFi Technologies in the fourth quarter valued at $25,000. Blue Trust Inc. lifted its holdings in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after acquiring an additional 878 shares during the period. Vermillion Wealth Management Inc. boosted its stake in shares of SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at $28,000. Finally, Reflection Asset Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth about $28,000. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Anthony Noto acquired 15,545 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer directly owned 11,946,619 shares in the company, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 134,044 shares of company stock worth $2,370,056 over the last three months. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SOFI has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Truist Financial decreased their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Stephens dropped their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen reduced their target price on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Wells Fargo & Company dropped their price target on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.56.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $18.24 on Friday. The stock’s fifty day moving average price is $16.88 and its two-hundred day moving average price is $19.77. SoFi Technologies, Inc. has a 52-week low of $14.92 and a 52-week high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 41.46 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS 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.