SoFi Technologies, Inc. $SOFI Shares Bought by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,251 shares of the company’s stock after buying an additional 21,001 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in SoFi Technologies were worth $1,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of SoFi Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 696,799 shares of the company’s stock worth $10,731,000 after purchasing an additional 27,367 shares in the last quarter. Captrust Financial Advisors raised its position in shares of SoFi Technologies by 29.7% during the 4th quarter. Captrust Financial Advisors now owns 38,453 shares of the company’s stock worth $592,000 after purchasing an additional 8,814 shares during the last quarter. Lazard Asset Management LLC lifted its stake in SoFi Technologies by 94.4% in the 4th quarter. Lazard Asset Management LLC now owns 19,649 shares of the company’s stock valued at $301,000 after buying an additional 9,539 shares in the last quarter. Finally, Man Group plc acquired a new stake in SoFi Technologies in the 4th quarter worth about $6,906,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SOFI. Redburn Atlantic upgraded SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 price target (up from $11.00) on shares of SoFi Technologies in a research note on Wednesday, July 30th. Mizuho set a $26.00 price objective on SoFi Technologies and gave the company an “outperform” rating in a research note on Thursday, July 31st. Keefe, Bruyette & Woods raised their price objective on SoFi Technologies from $13.00 to $14.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, Citizens Jmp lowered shares of SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.59.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $26.55 on Friday. SoFi Technologies, Inc. has a one year low of $7.52 and a one year high of $26.85. The company has a market cap of $31.79 billion, a price-to-earnings ratio of 55.31, a PEG ratio of 3.07 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.14 and a current ratio of 0.80. The business’s 50 day moving average price is $23.05 and its 200 day moving average price is $16.62.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million during the quarter, compared to analysts’ expectations of $801.94 million. During the same period in the prior year, the business earned $0.01 EPS. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In related news, EVP Kelli Keough sold 10,578 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the completion of the sale, the executive vice president owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $15.55, for a total transaction of $1,039,470.85. Following the sale, the chief technology officer owned 724,321 shares of the company’s stock, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,959 shares of company stock worth $1,653,646. Corporate 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.