SoFi Technologies, Inc. $SOFI Shares Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC boosted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 152.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,815 shares of the company’s stock after acquiring an additional 46,975 shares during the period. Creekmur Asset Management LLC’s holdings in SoFi Technologies were worth $1,417,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its position in SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company’s stock valued at $27,000 after acquiring an additional 2,200 shares during the period. Headlands Technologies LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $28,000. SVB Wealth LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at approximately $28,000. Larson Financial Group LLC boosted its holdings in SoFi Technologies by 127.1% in 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 in the last quarter. Finally, MCF Advisors LLC boosted its holdings in SoFi Technologies by 119.3% in the 1st quarter. MCF Advisors LLC now owns 3,072 shares of the company’s stock valued at $36,000 after purchasing an additional 1,671 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $29.03 on Friday. The business’s 50 day simple moving average is $27.20 and its 200-day simple moving average is $20.40. The firm has a market capitalization of $34.76 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 3.13 and a beta of 1.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.56.

SoFi Technologies (NASDAQ:SOFI) last announced 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 for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.52% and a net margin of 19.29%.The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies 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 directly owned 759,553 shares in the company, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owned 234,622 shares of the company’s stock, valued at $5,192,184.86. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 129,383 shares of company stock valued at $3,513,171 over the last 90 days. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SOFI shares. Keefe, Bruyette & Woods lifted their price objective on SoFi Technologies from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday. Citizens Jmp lowered SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 14th. Truist Financial lifted their price objective on SoFi Technologies from $23.00 to $29.00 and gave the company a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.94.

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.