Stratos Wealth Advisors LLC Has $369,000 Holdings in SoFi Technologies, Inc. $SOFI

Stratos Wealth Advisors LLC lessened its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 17.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,290 shares of the company’s stock after selling 4,290 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in SoFi Technologies were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SOFI. Hazlett Burt & Watson Inc. increased its position in SoFi Technologies by 2,200.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after purchasing an additional 2,200 shares during the period. Headlands Technologies LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $28,000. SVB Wealth LLC acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $28,000. Garde Capital Inc. acquired a new stake in SoFi Technologies during the 1st quarter valued at approximately $31,000. Finally, Larson Financial Group LLC increased its position in SoFi Technologies by 127.1% during the 1st quarter. Larson Financial Group LLC now owns 2,714 shares of the company’s stock valued at $32,000 after purchasing an additional 1,519 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of SOFI opened at $26.54 on Monday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30. The business’s fifty day moving average is $26.13 and its 200 day moving average is $19.27. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The stock has a market cap of $31.78 billion, a P/E ratio of 55.29, a P/E/G ratio of 3.15 and a beta of 1.92.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $801.94 million. During the same period last year, the business earned $0.01 EPS. SoFi Technologies’s quarterly revenue was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 10,578 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the transaction, the executive vice president directly owned 234,622 shares in the company, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,347 shares of company stock worth $3,228,852. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on SoFi Technologies from $14.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, October 15th. Redburn Atlantic upgraded SoFi Technologies to a “hold” rating in a report on Friday, August 1st. The Goldman Sachs Group increased their price target on SoFi Technologies from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Needham & Company LLC increased their price target on SoFi Technologies from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Mizuho increased their price target on SoFi Technologies from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $20.71.

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.