Copia Wealth Management Grows Position in SoFi Technologies, Inc. $SOFI

Copia Wealth Management lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) by 63.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,592 shares of the company’s stock after buying an additional 2,176 shares during the period. Copia Wealth Management’s holdings in SoFi Technologies were worth $102,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the last quarter. Farther Finance Advisors LLC boosted its position in SoFi Technologies by 73.3% in the first quarter. Farther Finance Advisors LLC now owns 4,348 shares of the company’s stock worth $52,000 after purchasing an additional 1,839 shares during the last quarter. GAMMA Investing LLC boosted its position in SoFi Technologies by 39.8% in the first quarter. GAMMA Investing LLC now owns 8,283 shares of the company’s stock worth $96,000 after purchasing an additional 2,358 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in SoFi Technologies by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 450,089 shares of the company’s stock worth $5,235,000 after purchasing an additional 8,432 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new position in SoFi Technologies in the first quarter worth about $174,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial set a $23.00 target price on SoFi Technologies in a research report on Monday, August 4th. Citizens Jmp cut SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 14th. Citigroup raised their target price on SoFi Technologies from $18.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods raised their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 5th. Finally, Rothschild & Co Redburn began coverage on SoFi Technologies in a research note on Friday, August 1st. They issued a “neutral” rating and a $20.50 price objective on the stock. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.47.

Read Our Latest Report on SoFi Technologies

SoFi Technologies Stock Up 2.7%

Shares of SOFI opened at $27.87 on Wednesday. The business’s 50 day moving average is $25.82 and its 200 day moving average is $18.90. The company has a market capitalization of $33.37 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 3.23 and a beta of 1.92. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $30.30. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 98,733 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 10,036 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.86, for a total value of $279,602.96. Following the transaction, the executive vice president owned 285,410 shares of the company’s stock, valued at $7,951,522.60. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,614 shares of company stock worth $3,452,672 in the last three months. 2.60% of the stock is owned by corporate insiders.

About SoFi Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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