Robert Lavet Sells 1,188 Shares of SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) General Counsel Robert Lavet sold 1,188 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $17.55, for a total value of $20,849.40. Following the completion of the sale, the general counsel directly owned 88,200 shares of the company’s stock, valued at $1,547,910. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock traded down $0.81 during trading on Monday, reaching $17.10. The company’s stock had a trading volume of 75,197,182 shares, compared to its average volume of 66,709,109. The company has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $20.43. The firm has a market cap of $21.93 billion, a PE ratio of 38.86 and a beta of 2.14. SoFi Technologies, Inc. has a fifty-two week low of $14.64 and a fifty-two week high of $32.73. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

SOFI has been the subject of a number of research reports. Mizuho set a $29.00 target price on shares of SoFi Technologies in a report on Wednesday, May 6th. Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Stephens reduced their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Needham & Company LLC decreased their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lowered their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.56.

Institutional Trading of SoFi Technologies

Hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies during the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. boosted its holdings in SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Blue Trust Inc. boosted its holdings in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Reflection Asset Management acquired a new position in SoFi Technologies during the 4th quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in SoFi Technologies during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

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.