SageView Advisory Group LLC Sells 1,401 Shares of SoFi Technologies, Inc. $SOFI

SageView Advisory Group LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,486 shares of the company’s stock after selling 1,401 shares during the quarter. SageView Advisory Group LLC’s holdings in SoFi Technologies were worth $134,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after acquiring an additional 1,130,250 shares during the last quarter. CMG Global Holdings LLC lifted its position in SoFi Technologies by 77.8% in the 1st quarter. CMG Global Holdings LLC now owns 140,389 shares of the company’s stock worth $1,728,000 after buying an additional 61,443 shares during the last quarter. Nicholas Wealth LLC. bought a new stake in SoFi Technologies in the 1st quarter worth approximately $993,000. Quantitative Investment Management LLC bought a new stake in SoFi Technologies in the 1st quarter worth approximately $2,862,000. Finally, Sierra Summit Advisors LLC bought a new stake in SoFi Technologies in the 1st quarter worth approximately $9,715,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. The business’s 50 day simple moving average is $23.05 and its two-hundred day simple moving average is $16.61. The stock has a market capitalization of $31.79 billion, a P/E ratio of 55.31, a price-to-earnings-growth ratio of 3.07 and a beta of 1.93. SoFi Technologies, Inc. has a one year low of $7.52 and a one year high of $26.85.

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

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares of the company’s stock, valued at $5,192,184.86. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the transaction, the chief technology officer directly owned 724,321 shares in the company, valued at $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,959 shares of company stock worth $1,653,646 over the last ninety days. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SOFI. TD Cowen began coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating and a $21.00 target price for the company. JPMorgan Chase & Co. boosted their target price on SoFi Technologies from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Cowen began coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a “hold” rating for the company. Morgan Stanley restated an “underweight” rating and issued a $13.00 target price (up previously from $11.00) on shares of SoFi Technologies in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on SoFi Technologies in a research note on Monday, July 14th. They issued a “neutral” rating and a $19.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.59.

SoFi Technologies 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.