Kennedy Investment Group Decreases Stock Position in SoFi Technologies, Inc. $SOFI

Kennedy Investment Group reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,400 shares of the company’s stock after selling 27,900 shares during the period. Kennedy Investment Group’s holdings in SoFi Technologies were worth $803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in SoFi Technologies in the 3rd quarter worth $29,000. SJS Investment Consulting Inc. lifted its stake in shares of SoFi Technologies by 840.3% in 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 in the last quarter. ORG Partners LLC lifted its stake in shares of SoFi Technologies by 230.6% in the third quarter. ORG Partners LLC now owns 1,438 shares of the company’s stock worth $38,000 after acquiring an additional 1,003 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in SoFi Technologies by 46.9% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock valued at $39,000 after purchasing an additional 469 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in SoFi Technologies by 153.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock valued at $47,000 after purchasing an additional 1,553 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of SoFi Technologies stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $27.14, for a total transaction of $256,961.52. Following the sale, the executive vice president owned 312,948 shares of the company’s stock, valued at $8,493,408.72. The trade was a 2.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the business’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 of the company’s stock, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SOFI shares. Barclays upped their target price on SoFi Technologies from $23.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. increased their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. UBS Group raised their price objective on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Truist Financial decreased their price target on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, November 25th. Finally, Bank of America assumed coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.50.

SoFi Technologies Price Performance

Shares of SOFI opened at $26.67 on Thursday. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.16. The stock has a fifty day moving average price of $27.56 and a 200 day moving average price of $25.82. The company has a market cap of $32.16 billion, a P/E ratio of 49.39, a PEG ratio of 1.71 and a beta of 1.92.

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

SoFi Technologies Profile

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.