USAdvisors Wealth Management LLC Acquires 700 Shares of SoFi Technologies, Inc. $SOFI

USAdvisors Wealth Management LLC raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,200 shares of the company’s stock after buying an additional 700 shares during the period. USAdvisors Wealth Management LLC’s holdings in SoFi Technologies were worth $295,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Sava Infond d.o.o. grew its stake in shares of SoFi Technologies by 16.7% during the 2nd quarter. Sava Infond d.o.o. now owns 14,000 shares of the company’s stock worth $255,000 after acquiring an additional 2,000 shares in the last quarter. Future Financial Wealth Managment LLC boosted its holdings in shares of SoFi Technologies by 7.4% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 14,500 shares of the company’s stock valued at $264,000 after buying an additional 1,000 shares during the last quarter. 111 Capital acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $843,000. QRG Capital Management Inc. boosted its holdings in shares of SoFi Technologies by 38.7% in the 2nd quarter. QRG Capital Management Inc. now owns 328,197 shares of the company’s stock valued at $5,976,000 after buying an additional 91,582 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of SoFi Technologies in the 2nd quarter valued at approximately $812,000. 38.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the transaction, the executive vice president owned 234,622 shares in the company, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,614 shares of company stock worth $3,452,672 in the last 90 days. 2.60% of the stock is owned by company insiders.

SoFi Technologies Stock Down 2.8%

Shares of NASDAQ SOFI opened at $25.24 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. SoFi Technologies, Inc. has a 52 week low of $7.90 and a 52 week high of $30.30. The stock has a market capitalization of $30.22 billion, a P/E ratio of 52.58, a PEG ratio of 3.00 and a beta of 1.92. The stock’s fifty day moving average is $25.03 and its 200 day moving average is $18.19.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million for the quarter, compared to analysts’ expectations of $801.94 million. During the same quarter last year, the business earned $0.01 earnings per share. SoFi Technologies’s revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SOFI. Truist Financial set a $23.00 price objective on SoFi Technologies in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on SoFi Technologies from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Stephens began coverage on SoFi Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $20.00 price objective for the company. Needham & Company LLC increased their price objective on SoFi Technologies from $25.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Citizens Jmp downgraded SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $20.18.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.