Emerald Mutual Fund Advisers Trust Purchases Shares of 22,392 SoFi Technologies, Inc. $SOFI

Emerald Mutual Fund Advisers Trust acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 22,392 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOFI. Xcel Wealth Management LLC increased its position in SoFi Technologies by 0.6% in the third quarter. Xcel Wealth Management LLC now owns 70,932 shares of the company’s stock worth $1,874,000 after purchasing an additional 392 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in shares of SoFi Technologies by 3.1% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock worth $373,000 after buying an additional 419 shares during the last quarter. Cigna Investments Inc. New increased its holdings in shares of SoFi Technologies by 4.2% in the 3rd quarter. Cigna Investments Inc. New now owns 11,024 shares of the company’s stock worth $291,000 after buying an additional 446 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its position in shares of SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after buying an additional 469 shares in the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of SoFi Technologies by 1.8% in the 2nd quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock valued at $518,000 after acquiring an additional 501 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer directly owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelli Keough sold 9,468 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $25.75, for a total transaction of $243,801.00. Following the sale, the executive vice president directly owned 303,480 shares of the company’s stock, valued at $7,814,610. This represents a 3.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 167,245 shares of company stock valued at $4,362,815 in the last three months. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $25.85 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $27.09 and its two-hundred day moving average is $26.14. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The company has a market capitalization of $31.17 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.92.

SoFi Technologies (NASDAQ:SOFI) last issued its 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. The firm had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The business’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

SOFI has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday. BTIG Research reissued a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Truist Financial lowered their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Mizuho set a $38.00 price objective on shares of SoFi Technologies in a research note on Thursday, October 30th. Finally, Citigroup increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.