Patient Capital Management LLC Has $57.50 Million Stock Position in SoFi Technologies, Inc. $SOFI

Patient Capital Management LLC lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,157,431 shares of the company’s stock after selling 377,434 shares during the quarter. SoFi Technologies comprises approximately 2.6% of Patient Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Patient Capital Management LLC’s holdings in SoFi Technologies were worth $57,497,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SOFI. Soltis Investment Advisors LLC grew its stake in shares of SoFi Technologies by 1.8% during the second quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock valued at $518,000 after purchasing an additional 501 shares during the last quarter. AE Wealth Management LLC lifted its holdings in SoFi Technologies by 2.8% during the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock worth $339,000 after buying an additional 514 shares in the last quarter. Burney Co. boosted its position in SoFi Technologies by 0.4% in the 2nd quarter. Burney Co. now owns 147,136 shares of the company’s stock valued at $2,679,000 after buying an additional 557 shares during the last quarter. Drive Wealth Management LLC boosted its position in SoFi Technologies by 1.4% in the 2nd quarter. Drive Wealth Management LLC now owns 40,546 shares of the company’s stock valued at $738,000 after buying an additional 563 shares during the last quarter. Finally, USAdvisors Wealth Management LLC increased its stake in shares of SoFi Technologies by 4.5% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 16,200 shares of the company’s stock valued at $295,000 after buying an additional 700 shares during the period. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Up 0.6%

SoFi Technologies stock opened at $28.49 on Friday. The firm has a market capitalization of $34.36 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 2.78 and a beta of 1.93. The company’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $22.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. SoFi Technologies, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $949.63 million for 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 for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the completion of the transaction, the executive vice president directly owned 265,034 shares of the company’s stock, valued at approximately $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 175,277 shares of company stock valued at $4,694,595. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SOFI shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their price target on shares of SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.88.

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.