Key Points
- SoFi CTO Jeremy Rishel sold 91,837 shares on Dec. 17 at an average price of $26.64 for about $2.45M, trimming his stake by 10.36% to 794,598 shares (≈$21.17M).
- SoFi beat Q3 expectations with $0.11 EPS and $949.6M revenue, a 37.7% year‑over‑year revenue increase, and set FY2025 EPS guidance at 0.37.
- The stock trades near $27 with a market cap of roughly $32.98B; analysts’ consensus is a Hold with an average target price of $25.69.
SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) CTO Jeremy Rishel sold 91,837 shares of SoFi Technologies stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the completion of the transaction, the chief technology officer owned 794,598 shares of the company's stock, valued at approximately $21,168,090.72. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
SoFi Technologies Trading Up 0.4%
Shares of NASDAQ:SOFI opened at $27.35 on Tuesday. 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 $28.19 and its two-hundred day moving average is $24.47. The company has a market cap of $32.98 billion, a PE ratio of 50.65 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 (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The business had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same quarter last year, the company earned $0.05 EPS. The business's quarterly revenue was up 37.7% on a year-over-year basis. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Trading of SoFi Technologies
Several institutional investors and hedge funds have recently added to or reduced their stakes in SOFI. SJS Investment Consulting Inc. grew its position in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in SoFi Technologies during the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL lifted its stake in shares of SoFi Technologies by 693.5% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company's stock worth $32,000 after acquiring an additional 1,075 shares during the period. Assetmark Inc. boosted its holdings in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company's stock valued at $34,000 after acquiring an additional 427 shares in the last quarter. Finally, Blume Capital Management Inc. increased 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 acquiring an additional 450 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on SOFI shares. Morgan Stanley boosted their price target on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of SoFi Technologies in a report on Wednesday, October 8th. Needham & Company LLC upped their target price on SoFi Technologies from $29.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Citigroup lifted their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Finally, Barclays boosted their price objective on SoFi Technologies from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.69.
Check Out Our Latest Stock Report on SoFi Technologies
SoFi Technologies Company Profile
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Get Free Report)
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.
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