MGO One Seven LLC Acquires 1,958 Shares of SoFi Technologies, Inc. $SOFI

MGO One Seven LLC boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,316 shares of the company’s stock after purchasing an additional 1,958 shares during the quarter. MGO One Seven LLC’s holdings in SoFi Technologies were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. USAdvisors Wealth Management LLC boosted its stake in SoFi Technologies by 4.5% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock worth $295,000 after purchasing an additional 700 shares during the period. Wedmont Private Capital boosted its stake in SoFi Technologies by 4.3% in the 2nd quarter. Wedmont Private Capital now owns 21,493 shares of the company’s stock worth $435,000 after purchasing an additional 879 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake in SoFi Technologies by 16.7% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 7,000 shares of the company’s stock worth $81,000 after purchasing an additional 1,000 shares during the period. Future Financial Wealth Managment LLC boosted its stake in SoFi Technologies by 7.4% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 14,500 shares of the company’s stock worth $264,000 after purchasing an additional 1,000 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in SoFi Technologies by 1.8% in the 1st quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company’s stock worth $737,000 after purchasing an additional 1,092 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SOFI has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating and set a $17.00 price objective on shares of SoFi Technologies in a report on Monday, July 14th. Cowen initiated coverage on SoFi Technologies in a report on Friday, July 11th. They set a “hold” rating on the stock. TD Cowen initiated coverage on SoFi Technologies in a report on Friday, July 11th. They set a “hold” rating and a $21.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Finally, Redburn Atlantic raised SoFi Technologies to a “hold” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.71.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $26.54 on Monday. The stock’s fifty day moving average is $26.13 and its 200 day moving average is $19.27. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $30.30. The firm has a market capitalization of $31.78 billion, a PE ratio of 55.29, a PEG ratio of 3.15 and a beta of 1.92. 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 (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $801.94 million. During the same quarter in the prior year, the firm posted $0.01 EPS. SoFi Technologies’s quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total value of $279,602.96. Following the completion of the transaction, the executive vice president directly owned 285,410 shares in the company, valued at $7,951,522.60. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,347 shares of company stock worth $3,228,852 in the last 90 days. 2.60% of the stock is currently owned by insiders.

SoFi Technologies 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.