SoFi Technologies, Inc. $SOFI Shares Purchased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 17.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 249,482 shares of the company’s stock after buying an additional 36,693 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in SoFi Technologies were worth $4,473,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies during the 4th quarter worth about $25,000. Vermillion Wealth Management Inc. increased 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. Blue Trust Inc. increased its stake in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Reflection Asset Management acquired a new position in SoFi Technologies in the 4th quarter worth about $28,000. Finally, Quaker Wealth Management LLC boosted its position in SoFi Technologies by 2,745.2% during the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after purchasing an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $18.38 on Friday. The stock has a market capitalization of $23.58 billion, a P/E ratio of 38.29 and a beta of 2.17. The business has a 50 day simple moving average of $17.46 and a two-hundred day simple moving average of $18.14. SoFi Technologies, Inc. has a 12 month low of $14.88 and a 12 month high of $32.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.39% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.08 earnings per share. The business’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the sale, the executive vice president owned 367,728 shares of the company’s stock, valued at $6,321,244.32. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 15,545 shares of SoFi Technologies stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $16.00 per share, with a total value of $248,720.00. Following the completion of the transaction, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 135,256 shares of company stock valued at $2,370,822 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on SOFI shares. Needham & Company LLC dropped their price objective on SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Citigroup decreased their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Mizuho dropped their price target on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company cut their price target on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Finally, Truist Financial upped their price objective on shares of SoFi Technologies from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.38.

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.