SoFi Technologies (NASDAQ:SOFI) Insider Arun Pinto Sells 46,132 Shares

SoFi Technologies, Inc. (NASDAQ:SOFI) insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the transaction, the insider owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

SoFi Technologies Stock Up 1.1%

Shares of SOFI traded up $0.28 during midday trading on Friday, reaching $25.19. 89,798,720 shares of the stock were exchanged, compared to its average volume of 64,644,270. The company has a market capitalization of $30.38 billion, a P/E ratio of 46.65, a PEG ratio of 2.61 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The company’s 50 day moving average is $28.15 and its two-hundred day moving average is $22.15.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The company had revenue of $949.63 million during the quarter, compared to analyst estimates of $880.33 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SOFI shares. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. UBS Group upped their target price on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a report on Friday, August 1st. They issued a “neutral” rating and a $20.50 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Finally, Needham & Company LLC upped their price objective on SoFi Technologies from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.06.

Hedge Funds Weigh In On SoFi Technologies

A number of large investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of SoFi Technologies in the 1st quarter worth $28,000. SVB Wealth LLC purchased a new stake in SoFi Technologies in the first quarter valued at about $28,000. Salomon & Ludwin LLC acquired a new stake in SoFi Technologies in the third quarter worth about $29,000. SJS Investment Consulting Inc. grew its stake in shares of SoFi Technologies by 840.3% during the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Blume Capital Management Inc. lifted its stake in shares of SoFi Technologies by 52.9% during the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after buying an additional 450 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

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.