39,031 Shares in SoFi Technologies, Inc. $SOFI Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,031 shares of the company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SOFI. Vanguard Group Inc. raised its position in SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SoFi Technologies by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock valued at $75,278,000 after acquiring an additional 159,109 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SoFi Technologies by 12.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after purchasing an additional 540,610 shares during the period. ARK Investment Management LLC raised its holdings in SoFi Technologies by 118.5% during the 2nd quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock worth $80,564,000 after purchasing an additional 2,399,746 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of SoFi Technologies in the 1st quarter worth approximately $47,616,000. Institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Rothschild & Co Redburn initiated coverage on shares of SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price target for the company. Mizuho set a $38.00 price objective on SoFi Technologies in a research note on Thursday, October 30th. Citigroup boosted their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. UBS Group increased their target price on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Morgan Stanley boosted their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $25.06.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the completion of the transaction, the executive vice president owned 275,374 shares in the company, valued at $7,801,345.42. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 129,383 shares of company stock valued at $3,513,171. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $28.39 on Friday. The company’s fifty day moving average is $28.07 and its 200 day moving average is $21.67. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The stock has a market cap of $34.00 billion, a PE ratio of 52.58, a PEG ratio of 3.14 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.SoFi Technologies’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

About SoFi Technologies

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.