Valeo Financial Advisors LLC Grows Position in SoFi Technologies, Inc. $SOFI

Valeo Financial Advisors LLC lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3,703.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337,048 shares of the company’s stock after purchasing an additional 1,301,899 shares during the period. Valeo Financial Advisors LLC’s holdings in SoFi Technologies were worth $24,348,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of SoFi Technologies in the first quarter valued at approximately $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SoFi Technologies by 58.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock worth $50,467,000 after purchasing an additional 1,598,721 shares during the last quarter. Vanguard Group Inc. grew its stake in SoFi Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter valued at $9,715,000. Finally, SG Americas Securities LLC raised its stake in shares of SoFi Technologies by 138.3% during the 1st quarter. SG Americas Securities LLC now owns 156,465 shares of the company’s stock worth $1,820,000 after purchasing an additional 565,390 shares during the period. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $25.24 on Monday. The firm has a market cap of $30.22 billion, a P/E ratio of 52.58, a PEG ratio of 3.00 and a beta of 1.92. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a twelve month low of $7.90 and a twelve month high of $30.30. The company has a 50 day moving average of $25.03 and a 200 day moving average of $18.23.

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, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to analysts’ expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating and set a $17.00 price target on shares of SoFi Technologies in a research report on Monday, July 14th. Truist Financial set a $23.00 target price on shares of SoFi Technologies in a research report on Monday, August 4th. Cowen assumed coverage on shares of SoFi Technologies in a report on Friday, July 11th. They issued a “hold” rating on the stock. Citigroup upped their price objective on SoFi Technologies from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.18.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,578 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president owned 234,622 shares of the company’s stock, valued at approximately $5,192,184.86. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $2,715,157.50. Following the transaction, the chief technology officer directly owned 759,553 shares of the company’s stock, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,614 shares of company stock worth $3,452,672. Insiders own 2.60% of the company’s stock.

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.