Elevation Point Wealth Partners LLC Acquires Shares of 3,976 SoFi Technologies, Inc. $SOFI

Elevation Point Wealth Partners LLC bought a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,976 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SOFI. Brighton Jones LLC grew its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after buying an additional 14,281 shares in the last quarter. LPL Financial LLC raised its holdings in SoFi Technologies by 13.1% in the 1st quarter. LPL Financial LLC now owns 1,812,630 shares of the company’s stock valued at $21,081,000 after acquiring an additional 209,290 shares in the last quarter. XTX Topco Ltd lifted its position in shares of SoFi Technologies by 18.2% during the 1st quarter. XTX Topco Ltd now owns 27,956 shares of the company’s stock valued at $325,000 after acquiring an additional 4,305 shares during the period. Arkadios Wealth Advisors lifted its position in shares of SoFi Technologies by 1.8% during the 1st quarter. Arkadios Wealth Advisors now owns 63,404 shares of the company’s stock valued at $737,000 after acquiring an additional 1,092 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of SoFi Technologies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 70,580 shares of the company’s stock worth $821,000 after purchasing an additional 2,463 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SOFI shares. Barclays boosted their price target on SoFi Technologies from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Citigroup lifted their price objective on shares of SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of “Hold” and a consensus price target of $24.88.

Insider Activity

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the transaction, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated 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 sale, the chief technology officer directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 175,277 shares of company stock worth $4,694,595. Insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Down 2.3%

Shares of SoFi Technologies stock opened at $29.03 on Tuesday. The firm’s 50 day moving average is $28.16 and its 200 day moving average is $22.99. The firm has a market capitalization of $35.01 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 2.90 and a beta of 1.93. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

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

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.