Integrity Alliance LLC. Purchases 11,673 Shares of SoFi Technologies, Inc. $SOFI

Integrity Alliance LLC. grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 72.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,782 shares of the company’s stock after acquiring an additional 11,673 shares during the quarter. Integrity Alliance LLC.’s holdings in SoFi Technologies were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOFI. Nuveen LLC bought a new position in shares of SoFi Technologies during the 1st quarter valued at approximately $47,616,000. Mizuho Markets Cayman LP bought a new position in shares of SoFi Technologies during the 2nd quarter valued at approximately $45,525,000. ARK Investment Management LLC boosted its position in shares of SoFi Technologies by 118.5% during the 2nd quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock valued at $80,564,000 after acquiring an additional 2,399,746 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SoFi Technologies by 58.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock valued at $50,467,000 after acquiring an additional 1,598,721 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of SoFi Technologies by 3,703.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,337,048 shares of the company’s stock valued at $24,348,000 after acquiring an additional 1,301,899 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies 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 transaction, the executive vice president directly owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,383 shares of company stock worth $3,513,171 over the last quarter. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the subject of several analyst reports. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. JMP Securities reaffirmed a “market perform” rating and issued a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. Morgan Stanley raised their price objective on SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Rothschild & Co Redburn started coverage on SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.94.

SoFi Technologies Trading Up 2.2%

SOFI opened at $29.68 on Friday. The stock’s fifty day moving average is $27.29 and its two-hundred day moving average is $20.59. The company has a market capitalization of $35.54 billion, a P/E ratio of 54.96, a PEG ratio of 3.02 and a beta of 1.92. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.56. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.52% and a net margin of 19.29%.The business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. During the same period last year, the business posted $0.05 EPS. The business’s revenue 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. Analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

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.