Sassicaia Capital Advisers LLC Takes Position in SoFi Technologies, Inc. $SOFI

Sassicaia Capital Advisers LLC acquired a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,964 shares of the company’s stock, valued at approximately $400,000. SoFi Technologies comprises 0.3% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake 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 purchasing an additional 14,281 shares in the last quarter. XTX Topco Ltd grew its stake in shares of SoFi Technologies by 18.2% in the first quarter. XTX Topco Ltd now owns 27,956 shares of the company’s stock valued at $325,000 after buying an additional 4,305 shares in the last quarter. US Bancorp DE raised its holdings in shares of SoFi Technologies by 35.2% in the 1st quarter. US Bancorp DE now owns 42,386 shares of the company’s stock valued at $493,000 after buying an additional 11,031 shares during the period. PNC Financial Services Group Inc. lifted its stake in SoFi Technologies by 16.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,993 shares of the company’s stock worth $326,000 after acquiring an additional 3,980 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in SoFi Technologies by 144.7% during the 1st quarter. Blair William & Co. IL now owns 61,726 shares of the company’s stock valued at $718,000 after acquiring an additional 36,496 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $24.88.

SoFi Technologies Trading Down 6.1%

NASDAQ SOFI opened at $27.78 on Friday. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The firm has a 50 day moving average of $28.20 and a two-hundred day moving average of $23.29. 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 has a market capitalization of $33.50 billion, a PE ratio of 51.45, a price-to-earnings-growth ratio of 2.90 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business 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 company’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 10,340 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction 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. This represents a 3.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 98,733 shares of the 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 completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. The trade was a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 175,277 shares of company stock valued at $4,694,595 in the last ninety days. Insiders own 2.60% of the company’s stock.

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.